ABC Ltd has 1451000 ordinary shares on issue at the beginning of the year, 1 July 2020. These shares were issued at $2.00 each and have a current market value of $3.50. On 1 October 2020, 635000 fully paid ordinary shares were issued at the current market value. On 1 March 2021, ABC Ltd bought back 178000 shares originally issued at $2.00 for $3.25 each.

For the year ended 30 June 2021, the net income after tax was $4000000. ABC Ltd has 1,000,000, $6.4 preference shares that provide cumulative dividends at a rate of 13%.

What is the Basic EPS in accordance with AASB 133?