The following information was taken from the books and records of Blossom, Inc.:

Net Income: $$324,000$

Capital structure:

a$.$ Convertible $6\%$ bonds. Each of the $250,$$$1,000$ bonds is convertible into $50$ shares of common stock at

$250,000$

the present date and for the next $10$ years.

b$.$ $$10$ par common stock, $180,000$ shares issued and outstanding during the entire year.

$1,800,000$

c$.$ Stock warrants outstanding to buy $14,400$ shares of common stock at $$20$ per share.

Other information:

a$.$ Bonds converted during the year

b$.$ Income tax rate

c$.$ Convertible debt was outstanding the entire year

d$.$ Average market price per share of common stock during the year

e$.$ Warrants were outstanding the entire year

f$.$ Warrants exercised during the yearCompute diluted earnings per share. $($Round answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$