Novak Corporation reported net income of $223,200 in 2025 and had 46,000 shares of common stock outstanding throughout the year. Also outstanding all year were 4,900 shares of cumulative preferred stock, each coovertible into 2 shares of common. The preferred stock pays an anriual dividend or $5 per share. Novaik's tax rate is 40%. Compute Nowak's 2025 diluted earnings per share. (Round answer to 2 decimal places, es. 3.55) Attempts: 0 of 5 used