Brief Exercise 19-11 EPS; nonconvertible preferred shares [LO19-7] At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 600 million shares of common stock and 3 million shares of 6%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2012 or 2013. Net income for 2013 was $378 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2013. (Round your answer to 2 decimal places.)