Crane corporation earned net income of $300,000 in 2020 and had 105,000 common shares outstanding throughout the year. Also outstanding all year was $820,000 of 10% bonds that are convertible into 22,000 common shares. Crane tax rate is 40%. Calculate Crane's 2020 diluted earnings per share. For simplicity, ignore the IFRS requirement to record debt and equity components of the bonds separately