Flint Corporation reported net income of $ 214,700 in 2020 and had 47,100 shares of common stock outstanding throughout the year. Also outstanding all year were 4,700 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $ 5 per share. Flint's tax rate is 30%. Compute Flint's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $