A company has $9.78 million of debt in its current capital structure at an annual interest rate of 6.23% and 1.8 million ordinary shares on issue with a market value of $7.35 million. The firms tax rate is 30%. If EBIT is expected to be $9.38 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.