Sidman Products' common stock currently sells for $49 a share. The firm is expected to earn $4.90 per share this year and to pay a year-end dividend of $2.70, and it finances only with common equity.----If Sidman reinvests retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's EPS? (Hint: g = (1 - Payout rate)(ROE).) (Round your answer to the nearest cent.)