Crane Corporation reported net income of $700,130 in 2023 and had 103,000 common shares outstanding throughout the year. Also outstanding all year were 9,700 cumulative preferred shares, with each being convertible into 3 common shares. The preferred shares pay an annual dividend of $6 per share. Crane's tax rate is 40%. Calculate Crane's 2023 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $