Carla Vista Corporation reported net income of $780,312 in 2023 and had 128,000 common shares outstanding throughout the year. Also outstanding all year were 9,200 cumulative preferred shares, with each being convertible into 2 common shares. The preferred shares pay an annual dividend of $5 per share. Carla Vista's tax rate is 40%. Calculate Carla Vista's 2023 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $ LA