On December $312017$ Berclair Inc had $200$ million shares of common stock and $3$ million shares of $9\%,$ $$100$ par value cumulative preferred stock issued and outstanding. On March $12018,$ Berclair purchased $24$ million shares of its common stock as treasury stock. Berclair issued a $5\%$ common stock dividend on July $12018.4$ million treasury shares were sold on October $1.$ Net income for the year ended December $312018,$ was $$150$ million. Compute Berclair's earnings per share for the year ended December $31,2018$