Dickinson Company has $$12,180,000$ million in assets. Currently half of these assets are financed with long$-$term debt at $10\mathrm{.}9$ percent and half with common stock having a par value of $$8.$ Ms$.$ Park, Vice President of Finance, wishes to analyze two refinancing plans, one with more debt $($D$)$ and one with more equity $($E$).$ The company earns a return on assets before interest and taxes of $10\mathrm{.}9$ percent. The tax rate is $40$ percent. Tax loss carryover provisions apply, so negative tax amounts are permissable.

Under Plan D$,$ a $$3,045,000$ million long$-$term bond would be sold at an interest rate of $12\mathrm{.}9$ percent and $380,625$ shares of stock would be purchased in the market at $$8$ per share and retired.

Under Plan E$,380,625$ shares of stock would be sold at $$8$ per share and the $$3,045,000$ in proceeds would be used to reduce long$-$term debt. c$-1.$ If the market price for common stock rose to $$12$ before the restructuring, compute the earnings per share. Continue to assume that $$3,045,000$ million in debt will be used to retire stock in Plan D and $$3,045,000$ million of new equity will be sold to retire debt in Plan E$.$ Also assume that return on assets is $10\mathrm{.}9$ percent.

Note: Round your answers to $2$ decimal places.