Mirrlees Corp. has 9,000 6% bonds convertible into 37 shares per $1,000 bond. Mirrlees has 640,000 outstanding shares. Mirrlees has a tax rate of 40%. The average Aa bond yield at time of issue was 14%. Compute basic earnings per share if after-tax earnings are $710,000. (Round your answer to 2 decimal places.)

$0.91

$0.13

$1.11

$-0.29