Last year, East Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those options were excercised on January 1 of the current year. During the current year, East Corporation had 5 million shares of common stock outstanding. 3,000, 7% convertible bonds, each with $1,000 face value, were issued at face amount at the beginning of the year. East reported income before tax of $7 million and net income of $4.2 million for the year. Each bond is convertible into 10 shares of common stock. What is diluted EPS? (Round your answer to 2 decimal places. Do not round your intermediate calculations.)