A company has $1.24 million of debt in its current capital structure at an annual interest rate of 7.07% and 2.8 million ordinary shares on issue with a market value of $17.80 million. The firm's tax rate is 30%. If EBIT is expected to be $3.74 million calculate the firm's earnings per share (report your answer to two decimal places)? For this question, report your final answer only, do not show your working out