Mirrlees Corp. has 11,000 6% bonds convertible into 44 shares per $1,000 bond. Mirrlees has 630,000 outstanding shares. Mirrlees has a tax rate of 30%. The average Aa bond yield at time of issue was 12%. Compute basic earnings per share if after-tax earnings are $710,000. (Round your answer to 2 decimal places.)

$1.13

$-0.29

$0.91

$0.13