Requirement 1. Evne the effect the two financing wil haven Mountains come and sings por share two years from now. egin by lecting the wided to you the offect of the welcomed to show caring per share ter the expansion Next, enter the amounts to show the west of the bonowing wernative, then enter the amount to woweet of the roomate For the smartere Pound the EP to two decima e amounts in dorinta ofert) Alternative Amative 2 Bom 545 su 250.000 share 3 of stock farge prepare The board of directors is considering obtaining the $4.5 million either by borrowing at 3% or by issuing an additional 250,000 shares of common stock. This year the company has earned $6 million before interest and taxes and has 250,000 shares of $1-par common stock outstanding. The market price of the company's stock is $18.00 per share. Assume that income before interest and taxes is expected to grow by 30% each year for the next two years. The company's marginal income tax rate is 40% Requirement 1. Evaluate the effect the two financing atematives will have on Mountainside's not income and earnings per share two years from now. Begin by selecting the labels needed to analyze the effect of the mates on net income and to show earnings per share after the expansion Next, enter the amounts to show the effect of the borrowing alternative, then ente show the effect of the shares of stock alternative. For amounts with a balonce, make sure to enter 'o' in the appropriate column Round the EPS clotion to two decimal places Enter amounts in dollars instead of milion Alternative 1 Alternative 2 Borrow $4.5 million Issue 250,000 shares af 3% of stock Proyeded income before interest and income tax interest expense LAN Projected income before tak Les Income tax expense Projected not come Caminge per share ter expansion