Allen Lumber Company had earnings after taxes of $$620,000$ in the year $2015$ with $380,000$ shares outstanding on December $31,2015.$ On January $1,2016,$ the firm

issued $26,000$ new shares. The company took the proceeds from these new shares as well as other operating improvements and earned $$799,800$ earnings after

taxes in $2016.$ Earnings per share for the year $2016$ were $($Round your answer to $2$ decimal places.$)$

Multiple Choice

$$1\mathrm{.}97$

$$1\mathrm{.}63$

$$2\mathrm{.}10$

$$1\mathrm{.}64$