Wildhorse Corporation reported net income of $630,385 in 2020 and had 124,000 common shares outstanding throughout the year. Also outstanding all year were 9,300 of cumulative preferred shares, with each being convertible into 3 common shares. The preferred shares pay an annual dividend of $6 per share. Wildhorse's tax rate is 30%. Calculate Wildhorse's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $