Income StatementBarnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $502,500, Interest expense = $49,000, and Taxes = $154,500. Barnyard's has no preferred stock outstanding and 180,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.)

Multiple Choice

• $2.79
• $1.93
• $1.66
• $2.52