Sandhill Company’s net income for 2020 is $54,300. The only potentially dilutive securities outstanding were 840 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,900 shares of common were outstanding during 2020. The average market price of Sandhill’s stock during 2020 was $20. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)