For 2014, Texas Products had net income of $2,000,000.At January 1, 2014, there were 1,000,000 shares outstanding. On July 1 2014, the company issued 100,000 new shares for $25 per share. The company paid $200,000 in dividends to common shareholders. What is Texas Product's basic earnings per share for 2014? (rounding to the nearest tenth)

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