Mars Company began the year with 870,000 common shares outstanding. On May 1, Mars issued an additional 90,000 shares. On July 1, Mars granted stock options to its executives to acquire 200,000 shares of common stock at $16 per share. The average price of the companys common stock is $20 per share. Jupiter also had 40,000 shares of noncumulative preferred stock outstanding for the full year. The dividend rate for these preferred shares is $2.5 per share. Jupiter declared annual dividends for the preferred shares during the year. Net income is $2,000,000. What is diluted earnings per share for the current year?