Riverbed Corporation had net income for the current fiscal year of $999,600, and common shares outstanding of 98,000. There were no changes to Riverbed's common shares during the year. Riverbed also had outstanding a $1,000,000, 7% bond sold in a previous year that was convertible to 78,000 common shares. In addition, Riverbed sold a new bond on October 1 of the current year. The new bond was a $1,000,000, 10% bond, convertible to 72,800 shares. Riverbed was subject to a tax rate of 31%. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). Calculate Riverbed's basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $ Calculate the after-tax interest paid on the 7% bonds. $ After-tax interest on 7% bonds Determine an incremental per share effect for 7% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 7% Bonds $ $ Calculate the after-tax interest paid on the 10% bonds. $ After-tax interest on 10% bonds Determine an incremental per share effect for 10% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 10% Bonds $ $ $ Rank the potentially dilutive securities from most dilutive to least dilutive. 7% bonds 10% bonds Calculate Riverbed's diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.) Numerator Denominator EPS Basic EPS $ $ Sub Total $ $ $ Diluted EPS