On December $31,2017,$ Berclair Inc. had $480$ million shares of common stock and $5$ million shares of $9\%,$$$100$ par value cumulative

preferred stock issued and outstanding. On March $1,2018,$ Berclair purchased $24$ million shares of its common stock as treasury stock.

Berclair issued a $5\%$ common stock dividend on July $1,2018.$ Four million treasury shares were sold on October $1.$ Net income for the

year ended December $31,2018,$ was $$750$ million. The income tax rate is $40\%.$

Also outstanding at December $31$ were incentive stock options granted to key executives on September $13,2013.$ The options are

exercisable as of September $13,2017,$ for $30$ million common shares at an exercise price of $$56$ per share. During $2018,$ the market

price of the common shares averaged $$70$ per share.

In $2014,$ $$62\mathrm{.}5$ million of $8\%$ bonds, convertible into $6$ million common shares, were issued at face value.

Required:

Compute Berclair's basic and diluted earnings per share for the year ended December $31,2018.($Enter your answers in millions $($i$.$e$.,$

$10,000,000$ should be entered as $10).)$