At December 31, 2023 and 2024, Funk \& Noble Corporation had outstanding 800 million shares of common stock and 8 million shares of 8%,$100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2023 or 2024. Net income for 2024 was $944 million. The income tax rate is 25%. Calculate earnings per share for the year ended December 31, 2024. Note: Round your answer to 2 decimal places