A Firm Has 30,000 Shares of Stock Outstanding, $450,000 in Debt

Multiple Choice

A firm has 30,000 shares of stock outstanding, $450,000 in debt at a 9% rate, an EBIT of $112,000, and a tax rate of 0%. What is the EPS?

A) $2.38
B) $2.51
C) $2.87
D) $3.36
E) $3.73