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At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 920 million shares of common stock and 11 million shares of 8%, $100

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At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 920 million shares of common stock and 11 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2017 or 2018. Net Income for 2018 was $1,376 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.) Earnings por share

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