During $2023,$ Broncos Inc. had $500,000$ shares of common stock and $50,000$ shares of $6\%$ cumulative $($non$-$convertible$)$ preferred stock outstanding. The preferred stock has a par value of $$100$ per share. Broncos did not declare or pay any dividends during $2023.$ Broncos' net income for the year ended December $31,2023,$ was $$2\mathrm{.}5$ million. The income tax rate is $40\%.$ Broncos granted $10,000$ stock options to its executives on January $1,2022.$ Each option gives its holder the right to buy $20$ shares of common stock at an exercise price of $$29$ per share. The market price of the common stock averaged $$30$ per share during $2023.$

Compute Broncos' basic and diluted earnings per share for $2023,$ rounded to the nearest cent.