Oriole Corporation reported net income of $779,688 in 2023 and had 140,000 common shares outstanding throughout the year. Also outstanding all year were 9,100 cumulative preferred shares, with each being convertible into 4 common shares. The preferred shares pay an annual dividend of $5 per share. Oriole's tax rate is 40%. Calculate Oriole's 2023 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share