Crane Corporation earned net income of $212,450 in 2025 and had 90,000 shares of common stock outstanding throughout the year. Also outstanding all year was $700,000 of 5% bonds, which are convertible into 15,000 shares of common. Crane's tax rate is 20 percent. Compute Crane's 2025 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $