On 01-01-18, Smith had 480,000 shares of common stock outstanding. The following common stock-related transactions occurred during 2018:

*On March 31, Smith issued 240,000 shares of its common stock.

*On September 1, Smith bought back 60,000 shares of its common stock.

*On November 30, Smith issued 30,000 shares of its common stock.

Throughout 2018, Smith had 10,000 shares of 4%, $100 par value, cumulative preferred stock. During 2018, Smith paid out $80,000 of dividends on its cumulative preferred stock and $25,800 of dividends on its common stock. Smith's net income for 2018 was $4,500,000. Smith's income tax rate is 25%. What will Smith report as basic EPS for the year ended 12-31-18?