A company has the following capital structure: Preferred stock has a $30 par value, with 500 shares outstanding Common stock has $10 par value with 6,000 shares outstanding at the beginning of the year and 4,750 at the end of the year; Assume (1) preferred stock is not convertible into common stock and (2) the company has no stock options or warrants outstanding. The company reported $11,250 in net income 650 in preferred stock dividends, and $1,850 in common stock dividends What is the company's basic earnings per share? Enter your answer as a number with two decimal places of precision but with NO currency sign or commas. e. 1.45) pouuns