x YZ Electronics is considering two plans for raising $$2,000,000$ to expand operations. Plan A is to issue $7\%$ bonds payable, and plan $B$ is to issue $200,000$ shares of common stock. Betore any new financing. XYZ Electronics has net income of $$200,000$ and $100,000$ shares of common stock outstanding. Management believes the company can use the new funds to earn addaional income of $$400,000$ before interest and tases. The income tax rase is $21\%$ Anabze the XYZ Flectronics stuation to determine which plan with result in higher earmings per share. $($Complete at inpul feids. Enter an $0$ for any zero balances. Round earnings per share amounts to the nearest cent.$)$

Begin by completing the analysis below for plan A$.$ then plan B$.$

$\backslash$table$[[,$Plan A: Issue $$2,000,000$ of $7\%$ Bonds Payable,Pian B: Issue $$2,000,000$ of Common Stock$],[$Net income before new project,$,],[$Expected income on the new projuct before interest and income tax expenses,,$],[,,],[$Less: Interest expense,,$],[$Project income before income tax,$,],[$Less: Income tax expense,$,],[$Project net income,$,],[$Net income with new project,$,],[$Earnings per share with new project:,,$],[\backslash$table$[[$Plan A$],[$Plan B$]],,$