1. Thurber Mining Co. has the following capital structure:

   Bonds (11.5%) $200 mil

   Common Stock($4 par) $135 mil

   Retained Earnings $60 mil

   If the firm has EBIT of $105 million and a tax rate of 40%, was is the EPS?

   		$1.87
   		$1.83
   		$1.65
   		$1.46