A company has 248 million shares outstanding and net income is $980 million. The company decides to use $524 million in idle cash to repurchase shares in the open market. The company's shares are currently trading at $23.42 per share. If the company uses the entire $524 million of idle cash to repurchase shares at the market price, what would be the revised earnings per share after the buyback? Show your answer to the penny.