A company has $2.05 million of debt in its current capital structure at an annual interest rate of 7.52% and 2.4 million ordinary shares on issue with a market value of $16.56 million. The firms tax rate is 30%. If EBIT is expected to be $9.81 million calculate the firms earnings per share (report your answer to two decimal places)? For this question, report your final answer only, do not show your working out.