Sunland Corporation reported net income of $800,000 in 2020 and had 117,000 common shares outstanding throughout the year. Also outstanding all year were 10,000 of cumulative preferred shares, with each being convertible into 4 common shares. The preferred shares pay an annual dividend of $5 per share. Sunlands tax rate is 40%. Calculate Sunlands 2020 diluted earnings per share. Round to 2 decimal places.