Burckel Corporation had 100,000 shares of common stock and 10,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $400,000 and dividends were paid to both common and preferred shareholders. Burckel's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Burckel's diluted EPS (rounded)?