During the current year, Illini had 3 million shares of common stock outstanding. 2,100, 4% convertible bonds, each with $1,000 face value, were issued at face amount at the beginning of the year. Illini reported income before tax of $4 million and net income of $2.4 million for the year. Each bond is convertible into 10 shares of common stock. What is diluted EPS? (Round your answer to 2 decimal places. Do not round your intermediate calculations.)

0.8

0.79

0.82

0.83