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At 1 January 20X9, company X had in issue 10 million ordinary shares. On 30 April 20X9, company X made a 2 for 5 rights

At 1 January 20X9, company X had in issue 10 million ordinary shares. On 30 April 20X9, company X made a 2 for 5 rights issue at 1.20 per share. At that date the share price (before the issue was announced) was 1.60 per share. The earnings of the company were 3m for 20X9.
Calculate the basic EPS for 20X9.

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