McCoy corporation has outsatanding at December 31,2008,50,000 shares of $20 par value, cumulative,8% preferred stock and 200,000 shares of $5 par value common stock. All shares were outstanding the entire year. During 2008, McCoy earned total revenues of $2,000,000 and incurred total expenses(except income taxes) of $1,200,000. McCoy's inocme tax rate is 30%

Compute McCOy's 2008 earning per share