PRO FORMA INCOME STATEMENT	($millions)
Total operating revenues	78
Less Expenses	57
Less Depreciation	9
Earnings before interest and taxes	12
Less Interest	2
Net income before taxes	10
Less taxes @ 10%	1
Net income	9
PRO FORMA BALANCE SHEET
Assets:
Cash	9
Other current assets	18
Net Fixed Assets	40
Total Assets	67
Liabilities and Equities:
Accounts payable	12
long-term debt	18
Stockholders' Equity	37
Total Liabilities & Equities	67

What will be the estimated earnings per share (EPS) next year if 1,000,000 shares are issued? (note: EPS = net income / total shares outstanding).