JM Electronics is considering two plans for raising $$4,000,000$ to expand operations. Plan A is to issue $6\%$ bonds payable, and plan B is to issue $400,000$ shares of common stock. Before any new financing, JM Electronics has net income of $$150,000$ and $300,000$ shares of common stock outstanding. Management believes the company can use the new funds to earn additional income of $$300,000$ before interest and taxes. The income tax rate is $21\%.$ Analyze the JM Electronics situation to determine which plan will result in higher earnings per share. $($Complete all input fields. Enter a $0$ for any zero balances. Round earnings per share amounts to the nearest cent.$)$

$\backslash$table$[[$Net income before new project$],[$Expected income on the new project before$],[$interest and income tax expenses$],[$Less: Interest expense$],[$Project income before income tax$],[$Less: Income tax expense$],[$Project net income$]]$