Capital Consulting Company had 400,000 shares of common stock outstanding on January 1, 2013. On that date, there were also 5,000 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2013 the company's common stock split 3 for 1. On December 15, 2013, a preferred dividend was declared and paid in the amount of $25,000. Net income for 2013 was $3,000,000.

Required:

Compute basic earnings per share (rounded to 2 decimal places) for the year ended December 31, 2013.