Question: please help me and make sure the answer is correct. please show work , show work please. Thank you very much. Problem 4 (18 Points)

please help me and make sure the answer is correct. please show work , show work please. Thank you very much.

Problem 4 (18 Points) Turner Inc. is considering two alternatives to finance its construction of a new $5 million plant (a) Issuance of 500,000 shares of common stock at the market price of $10 per share (b) Issuance of $5 million, 6% bonds at par Instructions Complete the following table. You MUST show your work to receive full credit. Issue Stock Income before interest and taxes $4,000,000 $4,000,000 Interest expense from bonds 30000 Issue Bonds Income before income taxes $ $ Income tax expense (40%) Net income Outstanding shares 800.000 Earnings per share Interest expense from bonds 500,000 o of: 30000 Income before Income Toxes

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