On December 31, 2017, Berclair Inc. had 280 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 48 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Eight million treasury shares were sold on October 1, Net income for the year ended December 31, 2018, was $350 million. Required Compute Berclair's earnings per share for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000o should be entered as 10).)