Antler Lumber has the following assets:

Current assets	$3,640,000
Capital assets	8,450,000
Total assets	$12,090,000

During 4 months of the year, current assets drop to $1,950,000 (total assets will then be $10,400,000). Its operating profit (EBIT) is expected to be $505,500. Its tax rate is 30 percent. Shares are valued at $20. Its capital structure is shortterm financing at 3 percent and longterm financing of 30 percent equity, 70 percent debt at 3 percent.

Calculate expected EPS if the firm is perfectly hedged. Rounded to 2 decimals.