The following information is available for the Firm:
- Net Income is $1,000,000
- Outstanding Shares of Common Stock is 500,000 shares
- Dividends Paid is $250,000
- The Risk Free Rate is 2%
- Return on Equity is 20%
- The Firms Beta is 1.5
- The Return on the Market is 12%
- The market value of the Firm's equity at the beginning of the year is $7.5 Million
What is the Earnings Per Share (show your answer to 2 decimal places)?