Brief Exercise 16-14 Oriole Corporation reported net income of $315,350 in 2017 and had 50,500 shares of common stock outstanding throughout the year. Also outstanding all year were 4,500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Oriole's tax rate is 30%. Compute Oriole's 2017 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $