1. Mann Ltd determines profit attributable to ordinary shareholders for the reporting period ended 30 June 2023 as $800 000. The company has calculated its weighted average number of ordinary shares on issue during the period as 400 000. The weighted average number of shares under share options arrangements during the period is 10 000.The average market price of the entitys shares during the period is $2.50 per share, and the exercise price of shares under option is $0.95.

Required: What is the diluted earnings per share for the year ended 30 June 2020 (keep three decimal places)?Show all your workings.