Ivanhoe Corporation reported net income of $ 759,934 in 2020 and had 116,000 common shares outstanding throughout the year. Also outstanding all year were 9,400 of cumulative preferred shares, with each being convertible into 3 common shares. The preferred shares pay an annual dividend of $4 per share. Ivanhoe's tax rate is 40%. Calculate Ivanhoe's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share