View Policies Current Attempt in Progress Wildhorse Inc. is considering two alternatives to finance its construction of a new $1.90 million plant (a) Issuance of 190,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,900,000, 8% bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, eg. 0.25) Issue Stock Income before interest and taxes $650,000 Interest expense from bonds Income before income taxes Income tax expense (40%) Net income Issue Bond $650,000 Issue Stock Income before interest and taxes $650,000 Interest expense from bonds Income before income taxes Income tax expense (40%) Net income $ $ Outstanding shares Earnings per share Indicate which alternative is preferable. Net income is $ Issue Bond $650,000 460,000 If stock is used. However, earnings per share is than earnings per share if bonds are used