单选题 An analyst does research about earnings per share and gathers the following information about a company:

Net income	$900000
Convertible debt par value, 5% coupon	$3000000
Average common shares outstanding	$2000000
Common shares issued if debt is converted	$85000
Corporate tax rate	35%

The company's reported diluted earnings per share using the if-converted method is closest to:
A. $0.45
B. $0.48
C. $0.50