Information from the financial statements of Park$-$Rao Industries included the following at December $31,2024$ :

Park$-$Rao's net income for the year ended December $31,2024,$ is $$520$ million. The income tax rate is $25\%.$ Park$-$Raos paid dividends of

$$2$ per share on its preferred stock during $2024.$

Required:

Compute basic and diluted earnings per share for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions $($i$.$e$.,10,000,000$

should be entered as $10).$ Round "Earnings per share" answer to $2$ decimal places.