Jupiter Company began the year with 250,000 common shares outstanding. On April 1, Jupiter issued an additional 120,000 shares. On July 1, Jupiter repurchased 50,000 treasury shares. On October 1, Jupiter implemented a 2- for-1 stock split. The company has $6,000,000, 3% convertible bonds outstanding as of the beginning of the year. The bonds were issued at par and are convertible into 600,000 common shares. None of the bonds were converted during the year. Jupiter also had 80,000 shares of noncumulative preferred stock outstanding for the full year. The dividend rate for these preferred shares is $2 per share. Jupiter declared annual dividends for the preferred shares during the year. Net income is $4,000,000 and the company is subject to a 30% tax rate. What is diluted earnings per share for the current year