During the current year, West Corporation had 16.0 million shares of common stock outstanding. Four thousand 15% convertible bonds, each with $1000 face value, were issued at face amount at the beginning of the year. East reported net income of $4.0 million for the year. Each bond is convertible into 10 shares of common stock. The tax rate is 25%. What is diluted EPS (rounded)? (Round your answer to 2 decimal places. Do not round your intermediate calculations.)

		$0.29.
		$0.21.
		$0.22.
		$0.25.