Flint Corporation issued 20 -year, $10,400,000 face value, 9% convertible debentures on January 1,2025 . The bonds have a par value of $1.000, with interest payable semiannually. The initial conversion ratio is 10:1, and in 3 years it will increase to 12:1. At the date of issue, the bonds were sold at 106. Bond premium is amortized on a straight-line basis. Flint's effective tax rate was 20%. Net income in 2025 was $28,890,000, and the company had 13,740,000 common shares issued and outstanding during the entire year. Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, es. 2.55.) Basic earnings per share Diluted earnings per share