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

Who is responsible for the freight costs when the terms are FOB shipping point?

A) the ultimate customer
B) the buyer
C) the seller
D) either the seller or the buyer