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

	Noble Corporation		Barnes Enterprises
Total earnings	$	2,496,000	$	7,500,000
Number of shares of stock outstanding		780,000		3,750,000
Earnings per share	$	3.2	$	2.0
Price-earnings ratio (P/E)		20		32
Market price per share	$	64	$	64

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.)

Postmerger earnings per share