During 2021, AG Inc. had 515,000 shares of common stock and 57,500 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Farewell did not declare or pay any dividends during 2021. AG's net income for the year ended December 31, 2021, was $4.0 million. The income tax rate is 25%. AG granted 25,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $44 per share. The options vest after one year. The market price of the common stock averaged $45 per share during 2021. What is AG's diluted earnings per share for 2021, rounded to the nearest cent?