The following information pertains to Causeway Company for the year ended 31 December 20x1:

(a) Causeway Company’s net profit attributable to ordinary shareholders for the year 20x1 was $8,000,000.

(b) As at 1 January 20x1, Causeway Company had 20,000,000 ordinary shares outstanding.

(c) The average market price of Causeway’s share during 20x1 was $6.00.

(d) Causeway Company had the following potential ordinary shares outstanding during the year:

(i) Warrants to buy 1,000,000 ordinary shares at $5.00 per share.

(ii) 1,200,000 convertible preference shares that were entitled to a cumulative tax-exempt dividend of $0.68 per share. Each preference share is convertible into two ordinary shares

Required
Calculate the basic and diluted earnings per share of Causeway Company for the year ended 31 December 20x1.