On December 31, 2020, True Blue Inc. had 280 million shares of common stock issued and outstanding. No common shares were issued or repurchased in 2021. Net income for the year ended December 31, 2021, was $200 million. The income tax rate is 40%. In 2017, $50.0 million of 8% bonds, convertible into 16 million common shares, were issued at face value. The bonds mature in 2027.

What amount of diluted EPS should be reported on 2021 income statement? Round the amount to the nearest cent.