Julie Smith, an analyst with ABC Company, has collected the following data about the firm:

EBITDA = $3.5 million

Tax rate = 35%

Debt outstanding = $3 million

Cost of debt = 10.5%

Cost of common equity = 14%

Shares of stock outstanding = 900,000

BV of the stock per share = $13

The firm’s product market is considered stable, and the firm expects no growth, and all earnings are paid out as dividends.

Calculate the firm’s earning per share, assuming depreciation & amortization costs of $800,000 per year. Show your calculations.