Information from the financial statements of Henderson-Niles industries included the following at December 31, 2021: Henderson-Niles's net income for the year ended December 31, 2021, is $880 million. The income tax rate is 25\%. Henderson-Nili paid dividends of $2 per share on its preferred stock during 2021. Required: Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (l.e., 10,000,000 should be entered as 10 ). Round "Earnings per share" answers to 2 decimal places.)