Business, 26.07.2019 00:20, tfyvcu5344

Alternative financing plans frey co. is considering the following alternative financing plans: plan 1 plan 2 issue 5% bonds (at face value) $6,000,000 $2,000,000 issue preferred $1 stock, $20 par — 6,000,000 issue common stock, $25 par 6,000,000 4,000,000 income tax is estimated at 40% of income. determine the earnings per share of common stock, assuming income before bond interest and income tax is $800,000. enter answers in dollars and cents, rounding to the nearest whole cent. plan 1 $ earnings per share on common stock plan 2 $ earnings per share on common stock

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Alternative financing plans frey co. is considering the following alternative financing plans: plan...