The financial statements of Little Manufacturing showed the following on December $31,20$Y$5$:

Net Income $($after$-$tax$)$

$$500$ million

Common Stock, $$1$ par:

Shares outstanding on January $1$

Shares retired for cash on February $1$

Shares sold for cash on September $1$

Outstanding shares of stock options

$[300$ million shares $],[48$ million shares $],[4$ million shares $]$

Preferred Stock:

Preferred stock, $10\%,$ $$70$ par, nonconvertible

Preferred stock, $8\%,$ $$50$ par, convertible into $2$ million shares of common stock

$$70$ million

$$100$ million

Bonds Payable:

$12\mathrm{.}5\%$ bonds, convertible into $20$ million shares of common stock $q,$

Additional data:

The market price of the common stock averaged $$20$ during $20Y5.$

The convertible preferred stock and bonds were issued at par in $20Y1.$

The exercise price of the stock options is $$15$ per share.

Both preferred stock dividends were declared and paid.

The tax rate for the year is $40\%.$

REQUIREMENTS:

Use the above information to answer the following questions:

What is the numerator in Little's Basic EPS calculation?

What is the denominator in Little's Basic EPS calculation?

What is the dilution index for Little's convertible preferred stock?

What is the dilution index for Little's convertible bonds?

How many incremental shares would be issued if Little's stock options were exercised?

What is Little's Diluted EPS? Please round your answer to $2$ decimal places.