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Sheffield Corporation reported net income of $415,720 in 2025 and had 208,000 shares of common stock outstanding throughout the year. Also outstanding all year were

Sheffield Corporation reported net income of $415,720 in 2025 and had 208,000 shares of common stock outstanding throughout the year. Also outstanding all year were 40,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share

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