Selected financial information for Uncle Franks is provided in the table below. Uncle Franks Adult Entertainment Inc. sets its dividend using the target payout ratio policy. Uncle Frank is hoping to raise the dividend (next year) by $0.01 per share. What does EPS have to be next year to achieve that dividend increase?

Round your answer to the nearest cent.

Selected Financial Information Uncle Frank's Adult Entertainment Inc. For Year 1 Dividend per Share $2.05 Target Payout Ratio 50% Earnings per Share $4.10 Adjustment Factor 0.10