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Tying bonus to EPS performance (LO 8-3) John Brincat was the president and chief executive of Mercury Finance, an auto lender specializing in high credit-risk customers. The company's 1995 proxy statement contained the following description of Brincat's pay package. Mr. Brincat is eligible for an annual incentive bonus equal to 1% of Net After-tax Earnings of the Company and is eligible for an additional bonus based upon annual increases in Net After-tax Earnings per share only after earning - Earnings per share increases of 0% to 19.99%, no additional bonus is paid. Earnings per share increases of 20% to 29.99%, additional bonus will be equal to 2.5% of the amount of increase from the prior year. Earnings per share increases of 30% to 39.99%, additional bonus will be equal to 3.0% of the amount of increase from the prior year. - Earnings per share increases of 30% to 39.99%, additional bonus will be equal to 3.0% of the amount of increase from the prior year. Required: Tying bonus to EPS performance (LO 8-3) John Brincat was the president and chief executive of Mercury Finance, an auto lender specializing in high credit-risk customers. The company's 1995 proxy statement contained the following description of Brincat's pay package. Mr. Brincat is eligible for an annual incentive bonus equal to 1% of Net After-tax Earnings of the Company and is eligible for an additional bonus based upon annual increases in Net After-tax Earnings per share only after earning - Earnings per share increases of 0% to 19.99%, no additional bonus is paid. Earnings per share increases of 20% to 29.99%, additional bonus will be equal to 2.5% of the amount of increase from the prior year. Earnings per share increases of 30% to 39.99%, additional bonus will be equal to 3.0% of the amount of increase from the prior year. - Earnings per share increases of 30% to 39.99%, additional bonus will be equal to 3.0% of the amount of increase from the prior year. Required