XYZ Company's analysis on

December 31:

- net income for the year was 10.5 million

- preferred stock dividends of 2 million were paid for the year

- common stock dividends of 3.5 million were paid for the year

- 20 million shares of common stock were outstanding on Jan 1, 2001

- The company issued 6 million new shares of common stock on Apr 1, 2001

The company's basic earnings per share for 2001 was closest to?