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Ajax Company had 1,200,000 shares of common stock issued and outstanding at December 31, 2025. Outstanding throughout 2026 were 80,000 unexercised stock options with strike

Ajax Company had 1,200,000 shares of common stock issued and outstanding at December 31, 2025. Outstanding throughout 2026 were 80,000 unexercised stock options with strike price of $25 per share. The market price of Ajax's common stock was $40 per share during 2026. Net income for the year ended December 31, 2026, was $2,100,000. What should be Ajax's 2026 diluted earnings per common share, rounded to the nearest penny?

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