A Corporation had $2,100,000 net income in 2016. On January 1, 2016 there were 200,000 shares of common stock outstanding. On April 1, 24,000 shares were issued and on September 1, the Corporation bought 36,000 shares of treasury stock. There are 33,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2016. The tax rate is 25% During 2016 there were 20,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays dividend of $9 a year, and is convertible into two shares of common stock. The preferred dividend for 2016 was paid. The Corporation issued $2,000,000 of 8% convertible bonds at face value during 2014. Each $1,000 bond is convertible into 11 shares of common stock. Assumptions: Stock options, preferred stock, and bonds are dilutive. Assume now that Weighted average number of shares outstanding for computing the Diluted Earnings per share is 300,000, the Diluted Earnings per share in 2016 is