Crane Corporation had 2023 net income of $1,291,500. During 2023 , Crane has not declared or paid any dividend on 95,000 cumulative preferred shares. Crane also had 230,000 common shares outstanding during the year. The preferred shares pay an annual dividend of $5 per share. Calculate Crane's 2023 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share