During 2011, Angel Corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. The preferred stock does not have cummulatove or convertible features. Angel declared and paid cash dividends of $ 300,000 and $ 150,000 to common and preferred shareholders, respectively, during 2011.

Ange's net income for the year ended December 31, 2011 was $ 6 million. The income tax rate is 40%

What will Angel report as diluted earning per share for 2011, rounded to the nearest cent?