During 2024, Angel Corporation had 1,000,000 shares of common stock and 60,000 shares of 5% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Angel declared and paid cash dividends of $450,000 and $225,000 to common and preferred shareholders, respectively, during 2024. On January 1, 2023, Angel issued $2,150,000 of convertible 5% bonds at face value. Each $1,000 bond is convertible into five common shares. Angel's net income for the year ended December 31, 2024, was $6.00 million. The income tax rate is 25%. What will Angel report as diluted earnings per share for 2024, rounded to the nearest cent?

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