1. PE.14-01.ALGO Alternative Financing Plans Frey Co. is considering the following alternative financing plans: 2. PE.14-02.ALGO Plan 1 Plan 2 3. PE.14-03.ALGO 4. PE.14-04.ALGO 5. PE.14-05.ALGO 6. PE.14-06.ALGO 7. PE.14-07.ALGO 8. PE.14-08.ALGO 9. PE.14-09.ALGO Issue 10% bonds (at face value) $1,080,000 $540,000 Issue preferred $1 stock, $10 par 900,000 Issue common stock, $5 par 1,080,000 720,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $756,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock Plan 2 Earnings per share on common stock $ $