(1 point) Chang Company reported $3,874,500 of net income for the year ended December 31, 2018. Throughout 2018, Chang had 4,400,000 shares of common stock outstanding and 200,000 shares of preferred stock outstanding. During 2018, Chang declared $20,000 of dividends on its preferred stock and $880,000 of dividends on its common stock. Assume Chang's income tax rate was 20% on all items. Compute Chang's earnings per share for the year ended December 31, 2018. Round your EPS figure to two decimal places.