Bravo, Inc., owns all of the stock of [ cho, Inc. or 2021 , Bravo reports income (exclusive of any investment income) of $480,000. Bravo has 80,000 sharcs of common stock outstanding. It also has 5,000 sharcs of prefcrred stock outstanding that pay a dividend of $15,000 per year. Echo reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. Echo also has a liability from its 10,000,$100 bonds that pay annual interest of $8 per bond. Each of these bonds can be converted into two shares of common stock. Bravo owns none of these bonds. Assume a tax rate of 21 percent. What amount should Bravo report as diluted earnings per share? (Round your intermediate percentage value to the nearest whole number and the flinal answer to 2 decimal places.)