Assume the following financial data for the Noble Corporation and Barnes Enterprises:

Noble Corporation Barnes Enterprises

Total earnings $ 2,926,000 $ 7,300,000

Number of shares of stock outstanding 770,000 3,650,000

Earnings per share $ 3.80 $ 2.00

Price-earnings ratio (P/E) 20 38

Market price per share $ 76 $ 76

If all the shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will postmerger earnings per share be for Barnes Enterprises? (Do not round intermediate calculations. Round your answer to 2 decimal places.)