Pfizer Company had 500,000 ordinary shares issued and outstanding at December 31, 2020. During 2021, no additional share was issued. On January 1, 2021, Pfizer issued 400,000 nonconvertible preference shares. During 2021, Pfizer declared and paid P180,000 cash dividends on the ordinary shares and P150,000 on the nonconvertible preference shares. Net income of the year ended December 31, 2021 was P980,000. What should be the 2021 earnings per ordinary share of Pfizer Company?

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