Doonan Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $ 1,489,000 $ 1,440,000 Stockholders' equity: Common stock, $4 par value $ 360,000 $ 360,000 Additional paid-in capital $ 70,000 $ 70,000 Retained earnings $ 570,000 $ 550,000 Total stockholders' equity $ 1,000,000 $ 980,000 Interest expense $ 15,000 Income taxes (35%) $ 14,162 Net income $ 26,300 The market price of common stock at the end of Year 2 was $4.79 per share. The companys earnings per share for Year 2 is closest to:

Multiple Choice

$0.29 per share

$0.45 per share

$0.62 per share

$6.33 per share