Brief Exercise 19-12 EPS; shares issued; shares retired [LO19-5, 19-6]

McDonnell-Myer Corporation reported net income of $1,012 million. The company had 448 million common shares outstanding at January 1 and sold 24 million shares on Feb. 28. As part of an annual share repurchase plan, 12 million shares were retired on April 30 for $29 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)