Following is information taken from Teal Inc.'s December 31, 2018 balance sheet:

5% bonds payable, $6,600,000 maturing December 31, 2022,

each $1,000 bond convertible into 21 common shares$6,600,0008% bonds payable, $5,100,000, maturing December 31, 2020,

each $1,000 bond convertible into 28 common shares at any time up to December 31, 2018$5,100,000Cumulative preferred shares, $4, no-par value, convertible at

1 preferred share for 4 common shares, 48,000 shares outstanding$960,000Common shares, no par-value, 2,840,000 shares outstanding

Teal's net income for 2018 was $8,360,000, and the company was subject to an income tax rate of 20%. Both classes of bonds were outstanding the entire year, as were the preferred shares. The weighted-average number of common shares outstanding during the period was 3,710,000. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately).

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Calculate Teal's diluted EPS for 2018.