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Information from the financial statements of Park-Rao Industries included the following at December 31,2024 : Common shares outstanding throughout the year Convertible preferred shares (convertible into 48 million shares of common) Convertible 8% bonds (convertible into 13.5 million shares of common) 100 million 65 million 1,60 million Park-Rao's net income for the year ended December 31,2024 , is $600 million. The income tax rate is 25%. Park-Raos paid dividends of $2 per share on its preferred stock during 2024. Requlred: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate calculatlons. Except for per share amounts, enter your answers ln milllons (l.e., 10,000,000 should be entered as 10). Round "Eornlngs per share" answer to 2 declmal places