Culver Corporation reported net income of $$282,540$ in $2020$ and had $45,000$ shares of common stock outstanding throughout the year. Also outstanding all year were $5,200$ shares of cumulative preferred stock, each convertible into $2$ shares of common. The preferred stock pays an annual dividend of $$5$ per share. Culver's tax rate is $50\%.$

Compute Culver's $2020$ diluted earnings per share. $($Round answer to $2$ decimal places, e$.$g$.3\mathrm{.}55.)$

Diluted earnings per share