Question: Eagle Inc. reported the following for 2 0 2 3 : net income of $ 7 8 0 , 0 0 0 3 0 0

Eagle Inc. reported the following for 2023:
net income of $780,000
300,000 common shares outstanding throughout the year.
60,000 stock options allowing the holder to purchase 1 common share at $11 per share.
average market price for the common shares during the year was $16 per share.
tax rate of 25%
Calculate the diluted earnings per share (round to 2 decimal places).

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