A company with 2,000,000 shares outstanding wants to Issue new equity to finance a project that will cost $6,000,000. The cost of the project wil befinanced with the issue of new shares and will increase shares outstanding by 400000. The company's book value per share is $15. The company's current net income of $750,000 is expected to increase by $450,000 if it proceeds with the project Assume the company's price-camnings ratio is 8 and will remain constant. What will the company's expected EPS be if it proceeds with the project? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commes and the sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50 00-16:00 Numer Response