King Lyon has the following assets:

Current assets $$3,100,000$

Capital assets $8,000,000$

Total assets $$11,100,000$

During $4$ months of the year, current assets drop to $$1,500,000($total assets will then be $$9,500,000).$ Its operating profit $($EBIT$)$ is expected to be $$496,500.$ Its tax rate is $20$ percent. Shares are valued at $$20.$ Its capital structure is short$$term financing at $3$ percent and long$$term financing of $40$ percent equity, $60$ percent debt at $5$ percent.

a$.$ Calculate expected EPS if the firm is perfectly hedged. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

EPS $