$14$ Doering Incorporated had $97$ million shares of common stock, $1$ million shares of $7\%,$$$100$ par, cumulative preferred stock, and $1$milli ion shares of $9\%,$$$100$ par, noncumulative preferred stock outstanding at the end of $2023$ and $2024.$ No dividends were declared or pald on the common stock in either year. In $2024,$ a $$3\mathrm{.}2$ million dividend was pald on the $7\%$ preferred stock and a $$4\mathrm{.}2$ million dividend was paid on the $9\%$ preferred stock. Net income for $2024$ was $$302$ million. The company's tax rate is $30\%.$

Required:

Compute basic earnings per share for the year ended December $31,2024.$

Note: Round your answer to $2$ decimal places.

Earnings per share