Trailing p/e

An analyst is valuing Thial’s common stock on a p/e basis. Thial’s stock is currently trading at $25 per share with basic EPS of $2 for most recent year. Thial has issued securities that if exercised would increase company 's shares outstanding by 5% thial most recent basic eps included non recurring earning of 0.35 per share. using diluted eps the most appropriate estimate of Thial’s trailing p/e is a 11.9 b 13.2 c 14.4 d 15.9

d) 15.9 = $25/ (($2-0.35)/1.05)

Correction I am going with D.