At December 31, 2013, the financial statements of Hollingsworth Industries included the following:

Net income for 2013	$	520	million
Bonds payable, 10%, convertible into 40 million shares of common stock	$	250	million
Common stock:
Shares outstanding on January 1		400	million
Treasury shares purchased for cash on September 1		36	million

Additional data:

The bonds payable were issued at par in 2011. The tax rate for 2013 was 40%.

Required:

Compute basic and diluted EPS for the year ended December 31, 2013. (Do not round intermediate calculations and round your final answers to 2 decimal places.)