Cullumber Corporation reported net income of $239,760 in 2023 and had 193,000 common shares outstanding throughout the year. Also outstanding all year were 69,000 (written) options to purchase common shares at $10 per share. The average market price for the common shares during the year was $15 per share. Calculate the diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $