On December $31,$ Year $1,$ a company had $200$ million shares of common stock and $3$ million shares of $9\%,$$$100$ par value cumulative

preferred stock issued and outstanding.

On March $1,$ Year $2,$ the company purchased $24$ million shares of its common stock as treasury stock.

The company issued a $5\%$ common stock dividend on July $1,$ Year $2.$

Four million treasury shares were sold on October $1.$

Net income for the year ended December $31,$ Year $2,$ was $$150$ million.

Required:

Calculate the company's earnings per share for the year ended December $31,$ Year $2.$

Note: Do not round intermediate calculations. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$