During 2021, Street Enterprises had 900,000 shares of common stock and 50,000 shares of 10% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Street declared and paid cash dividends of $360,000 and $180,000 to common and preferred shareholders, respectively, during 2021. On January 1, 2020, Street issued $2,060,000 of convertible 5% bonds at face value. Each $1,000 bond is convertible into five common shares. Street's net income for the year ended December 31, 2021, was $6.00 million. The income tax rate is 20%. What will Street report as diluted earnings per share for 2021, rounded to the nearest cent?