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abel's Art Supply has sales of $ 6 1 0 , 0 0 0 and costs of $ 4 8 0 , 0 0 0

abel's Art Supply has sales of $610,000 and costs of $480,000. Interest expense is $40,000, dividends paid is $37,000, and depreciation is $60,000. The tax rate is 34 percent and there are 8,500 shares of stock outstanding. The earnings per share are _______(round the number in two digits).

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