Interurban Company began operations on the first day of the year. On that day they issued 30,000 shares. On March 1 they issued 14,000 shares and on July 1, another 30,000 shares. On December 1, Interurban repurchased 6,000 shares of outstanding shares. Compute basic EPS for the first year of operation if net income was $100,000.

A.$1.78

B. $3.75

C. 3.33

D. $1.47