Garfun, inc., owns all of the stock of simon, inc. for 2014, garfun reports income (exclusive of any investment income) of $480,000. garfun has 80,000 shares of common stock outstanding. it also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. simon reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. simon also has a liability for 10,000 of $100 bonds that pay annual interest of $8 per bond. each of these bonds can be converted into three shares of common stock. garfun owns none of these bonds. assume a tax rate of 30 percent. what amount should garfun report as diluted earnings per share? (round your intermediate percentage value to the nearest whole number and the final answer to 2 decimal places.)