Freemont Corporation reported net income of $3,440,250 for its fiscal year ended December 31, 2020.

During the year, dividends of $200,000 were paid to common shareholders, while dividends of $150,000 were paid to preferred shareholders.

Freemont had 2,000,000 shares of common stock and 300,000 shares of preferred stock at the beginning of 2020.

On February 1, 2020, a common stock dividend of 15% was declared.

An additional 500,000 shares of common stock were issued on April 1, 2020.

What would be Freemont's earnings per share for 2020?

Enter as: X.XX

EPS= net income - preferred dividends / avg share outstanding