Ints) during 2018, falwell inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. the preferred stock has a par value of $100 per share. falwell did not declare or pay any dividends during 2018.falwell's net income for the year ended december 31, 2018, was $2.5 million. the income tax rate is 40%. falwell granted 10,000 stock options to its executives on january 1 of this year. each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. the options vest after one year. the market price of the common stock averaged $30 per share during 2018.what is falwell's basic earnings per share for 2018, rounded to the nearest c