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2/4/20, 12:04 PM Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at face value) $960,000 $480,000 Issue preferred $1 stock, $10 par 800,000 Issue common stock, $5 par 960,000 640,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $576,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 $ Earnings per share on common stock Plan 2 $ X Earnings per share on common stock Feedback Check My Work Set up a column for each plan. Remember to take interest, income tax and dividends into consideration. 0 more Check My Work uses remaining. https://cxp.cengage.com/activityservice/run/html5/handler.jsp?id=87...engagenow.com&xam_c=activityService_activity_1580835360535&xdm_p=1 Page 1 of 1