Sandhill Corporation earned net income of $210,000 in 2017 and had 100,000 common shares outstanding throughout the year. Also outstanding all year was $321,820 of 10% bonds that are convertible into 17,000 common shares. Sandhill's tax rate is 45%. Calculate Sandhill's 2017 diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of he bonds separately. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $