JN Electronics is considering two plans for raising $5.000,000 to expand operations. Plan A is to issue 7% bonds payable, and plan B is to issue 200,000 shares of common stock. Before any new financing. JN Electronics has net income of $450.000 and 400.000 shares of common stock outstanding, Management believes the company can use the new funds to an additional income of $900,000 before interest and The Income tax rates 30%. Analyze the Electronics situation to determine which plan will result in higher earnings per share. (Complete lewer boxes. Enter for any zero balances. Round carings per share mounts to the nearest cent) Net Income before new project $ 450.000 Expected income on the new project before Interest and income tax expenses Les interest expense Project income before income tax 400000 Less: Income tax expense Project income Net income with new project Earings per share with new project THI Plan