Current Attempt in Progress Kingbird, Inc. is considering these two alternatives to finance its construction of a new $1.57 million plant: 1. Issuance of 157,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.57 million, 5% bonds at face value. (a) Your answer is partially correct. Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Issue Stock Lefern interact and taxes $1,570,000 Issue Bonds $1,570,000 Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Issue Stock $1,570,000 Income before interest and taxes Interest expense from bonds 0 Income before income taxes 1570000 Income tax expense (40%) 628000 i Net income 942000 Outstanding shares Earnings per share Issue Bonds $1,570,000 78500 1491500 1491500 596,600 2.5