Question: s2. This problem is worth 10 points. Emory Inc. is considering two alternatives to finance its co new $4 million plant. construction of a (a)

s2. This problem is worth 10 points. Emory Inc. is considering two alternatives to finance its co new $4 million plant. construction of a (a) Issuance of 400,000 shares of common stock at the market price of $10 per share. (b) Issuance of $4 million, 6% bonds at par. Instructions Complete the following table. Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Issue Bonds $5,000,000 Issue Stock $5,000,000 150,000 Outstanding shares Earnings per share

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