ABC Co. had a net income of $75,000. During the year, 100,000 shares were outstanding on average and ABC's common stock sold at an average market price of $40. In addition ABC had 21,000 stock options outstanding to purchase a total of 21,000 common shares at $23 for each option exercised. 1. Compute basic EPS 2. Compute diluted EPS 3. At what market price would the options become antidilutive? YOU MUST SHOW YOUR WORK FOR FULL CREDIT