MESSAGE MY INSTRUCTOR Brief Exercise 10-7 Moby Inc. is considering two alternatives to finance its construction of a new $2.10 million plant. (a) Issuance of 210,000 shares of common stock at the market price of $10 per share. of $2.10 million, 6% bonds at face value. (b) Complete the following table. (Round earnings per share to 2 decimal places, e.g. o.2s.) income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (40%) 451,900 Earnings per share Indicate which alternative is preferable. than earnings per share ir bonds are used because of the additional shares of stock that are outstanding. ir stock is used. However, eamings per share is Net income is By accessing this Question Assistance, you wa learn while you earn points based on the Potential policy set by your instructor, Point Rights Reserved. A Division of ighn