On January 1, Merlin Company has 60,000,000 common shares outstanding. On March 1, the firm issued 12,000,000 news shares of common stock. On June 7, a 10% stock dividend was distributed. In addition, on October 1, 8,000,000 shares were reacquired as treasury stock. The net income of the company was $150,000,000 REQUIRED:

a). COMPUTE BASIC EPS (5 points)