Mirrlees Corp. has 8,000,000 bonds convertible into 42 shares per $1,000 bond. Mirrlees has 630,000 outstanding shares. Mirrlees has a tax rate of 35%. The average Aa bond yield at the time of issue was 15%. Compute the "basic earnings per share" if after-tax earnings are $770,000. (Round your answer to 2 decimal places.)