On December 31, 2023, Berclair Incorporated had 580 million shares of common stock and 8 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.

• On March 1, 2024, Berclair purchased 30 million shares of its common stock as treasury stock.
• Berclair issued a 5% common stock dividend on July 1, 2024.
• Five million treasury shares were sold on October 1.
• Net income for the year ended December 31, 2024, was $1,100 million.

Required:

Compute Berclair's earnings per share for the year ended December 31, 2024