Julie smith, an analyst with ABC company, has collected the following data about the firm:

EBITDA=$3.5million

Tax rate=38%

Debt outstanding=$2.5million

Cost of Debt=10.5%

Cost of common equity= 14%

Shares of stock outstanding=800,000

BV of the stock per share=$12

The firms product market is considered stable, and the firm expects no growth, and all earnings are paid out as divedends Calculate the firms earning per share, assuming depreciation & amortization costs of $500,000 per year