On January $1,$ Year $5,$ Chastain, Inc., had $120,000$ shares of common stock and $15,000$ shares

of convertible preferred stock outstanding. The preferred stock has a $$5$ per$-$share dividend

rate, and each share may be converted into one share of common stock.

The following transactions occurred over the next twelve months.

a$.$ An additional $18,000$ shares of common stock were issued on July $1.$

b$.$ On September $1,$ Chastain acquired $6,000$ shares of common stock for the treasury.

c$.$ The company earned $$520,000$ in net income.

d$.$ Chastain declared the $$5$ per$-$share dividend to preferred shareholders.

What was basic earnings per share $($BEPS$)$ for Chastain in Year $5?$

Round answer to two decimal places.

$$