Company A is considering a new project and needs to raise $800,000 of capital. The company's after-tax net income would be $75,000 if they do not implement the new project. If the new project is implemented, it will add an additional $50,000 of profits before tax and interest. If the company uses debt financing, the interest will be at 5%. Company A has 25,000 shares of common stock outstanding and no preferred stock. They would have to issue an additional 10,000 shares of common stock to finance the project with equity capital. Assuming an income tax rate of 40%, if the company decides to use equity financing for the project, what would its earnings per share be?