Barwell Co had 10 million ordinary shares in issue throughout the year ended 30 June 20X3. On 1 July 20X2 it had issued $2 million of6%convertible loan stock, each $5 of loan stock convertible into 4 ordinary shares on 1 July 20X6 at the option of the holder.Barwell Co had profit after tax for the year ended 30 June 20X3 of $1,850,000. It pays tax on profits at 30%.What was diluted earnings per share for the year?