Doering Incorporated had 100 million shares of common stock, 1 million shares of \6 par, cumulative preferred stock, and 1 million shares of \8 par, noncumulative preferred stock outstanding at the end of 2023 and 2024 . No dividends were declared or paid on the common stock in either year. In 2024 , a \\( \\$ 3.5 \\) million dividend was paid on the \6 preferred stock and a \\( \\$ 4.5 \\) million dividend was paid on the \8 preferred stock. Net income for 2024 was \\( \\$ 305 \\) million. The company's tax rate is \30. Required: Compute basic earnings per share for the year ended December 31, 2024. Note: Round your answer to \\( \\mathbf{2} \\) decimal places