Question: Please help with this Three different plans for financing an $80,000,000 corporation are under consideration by its organizers. Under each of the following plans, the
Please help with this

Three different plans for financing an $80,000,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount, and the income tax rate is estimated at 40% of income, Required: 1. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $10,000,000. Enter answers in dollars and cents, rounding to the nearest whole cent. 2. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $6,000,000. Enter answers in dollars and cents, rounding to the nearest whole cent. 3. The principal of Plan 3 is that investment would need to be made by common shareholders
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