Sterling Optical and Royal Optical both make glass frames and each is able to generate earnings before interest and taxes of $132,000. The separate capital structures for Sterling and Royal are shown here: Sterling Royal Debt @ 12% $ 660,000 Debt @ 12% $ 220,000 Common stock, $5 par 440,000 Common stock, $5 par 880,000 Total $ 1,100,000 Total $ 1,100,000 Common shares 88,000 Common shares 176,000 Compute earnings per share for both firms. Assume a 25 percent tax rate. Note: Round your answers to 2 decimal places.