An excerpt from the statement of financial position of Crane Limited follows:

CRANE LIMITED
Selected Statement of Financial Position Information
At December 31, 2020
Long-term debt
	Notes payable, 10%			$ 5,122,000
	4% convertible bonds payable			2,163,000
	6% convertible bonds payable			2,892,000
		Total long-term debt		$ 10,177,000
Shareholders' equity
	$ 0.66 cumulative, no par value, convertible preferred shares (unlimited number of shares authorized, 571,500 shares issued and outstanding)			$ 2,857,500
	Common shares, no par value ( 7,499,400 shares authorized, 2,752,100 shares issued and outstanding)			25,766,000
	Contributed surplus			218,200
	Retained earnings			6,741,400
		Total shareholders equity		$ 35,583,100

Notes and Assumptions December 31, 2020

1.		Options were granted/written in 2019 that give the holder the right to purchase 99,400 common shares at $ 8 per share. The average market price of the companys common shares during 2020 was $ 14 per share. The options expire in 2028 and no options were exercised in 2020.
2.		The 4% bonds were issued in 2019 at face value. The 6% bonds were issued on June 1, 2020, at face value. Each bond has a face value of $ 1,000 and is convertible into 100 common shares.
3.		The convertible preferred shares were issued at the beginning of 2020. Each share of preferred is convertible into one common share.
4.		The average income tax rate is 25%.
5.		The common shares were outstanding during the entire year.
6.		Preferred dividends were not declared in 2020.
7.		Net income was $ 2,255,500 in 2020.
8.		No bonds or preferred shares were converted during 2020

Determine an incremental per share effect for 4% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 4% Bonds $ 64,890 S