Last year, Wahlen Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those options were exercised on January 1 of the current year. During the current year, Wahlen Corporation had 8.0 million shares of common stock outstanding. Three thousand 12% convertible bonds, each with $1,000 face value, were issued at face amount at the beginning of the year. Wahlen reported net income of $3.0 million for the year. Each bond is convertible into 10 shares of common stock. The tax rate is 25%. What is diluted EPS (rounded)? Note: Round your answer to 2 decimal places.