Northern Accounting Services of Madison, Wisconsin, needs to raise $1 million to expand company operations into Minnesota. Northern's president is considering the issuance of either Plan A: $1,000,000 of 8% bonds payable to borrow the money Plan B: 100,000 shares of common stock at $10 per share Before any new financing. Northern expects to earn net income of $350,000, and the company already has 200.000 shares of common stock outstanding. Northern believes the expansion will increase income before interest and income tax by $200,000. Northern's income tax rate is 35%. Prepare an analysis similar to Exhibit 15-8 (page 5951 to determine which plan is likely to result in the higher earnings per share. Which financing plan would you recommend for Northern?