Cane River Investments, Inc., reported $40 million in earnings during the current fiscal year. An analyst forecasts an EPS over the next 12 months of $0.75. Cane River Investment has 40 million shares outstanding at a market price of $20.00 per share.

Compute the Current Year EPS

Select one:

a. $0.75

b. $1.00

c. $0.50