49er Company has 42,000 common shares outstanding and issued on January 1, 2020. The company reports the following information for 2020. The company issues 4,000 additional shares on April 1. The company repurchases 2,500 shares on October 1. The company reports $21,200 in net income and $2,100 in preferred stock dividends. Calculate 49er Company's reported Basic EPS. An answer of $1.50 per share would be entered as "1.50