Flint Corporation reported net income of $181,440 in 2017 and had 45,900 shares of common stock outstanding throughout the year. Also outstanding all year were 5,400 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Flints tax rate is 50%. Compute Flints 2017 diluted earnings per share.