Barber, Incorporated reported net income of $12 million. At the end of the prior year the number of common shares issued was 3 million with 100,000 shares in Treasury Stock. At the end of the current year, the number of shares issued was 3.2 million with 100,000 in Treasury Stock. The price of a share of common stock at the end of the year was $5. There were 400,000 shares of preferred stock outstanding on average and no dividends.. The EPS is: