Ben Ten Limited (BTL) is a new company and management are trying to decide on a financing structure. They want to raise $10,000,000. They were offered the following option: Fund 40% of the firm with debt and the balance with ordinary shares at an issue price of $3 per share. BTL has been advised that the cost of debt finance would be 1.49% pa due to its relative risk. The current Earnings Before Interest and Tax (EBIT) is $4,000,000 The company tax rate is 30%. Calculate the Earnings Per Share of this option (Round your answer to 2 decimal places. For example, if your answer is 0.66666666 Enter your answer as 0.67 )