Allen Lumber Company had earnings after taxes of $530,000 in the year 2015 with 430,000 shares outstanding on December 31, 2015. On January 1, 2016, the firm issued 40,000 new shares. The company took the proceeds from these new shares as well as other operating improvements and earned $651,900 earnings after taxes in 2016. Earning per share for the year 2016 were (round your answer to 2 decimal places