1. What earnings per share does Cook report before the expansion? 2. What earnings per share will Cook report if the proposed expansion is undertaken? 3. Suppose income from operations will increase by only $150,000. Would this use of leverage be advantageous to Cooks stockholders? Explain. 4. Suppose that income from operations will increase by $200,000 and that Cook could also raise the required $1,800,000 by issuing an additional 100,000 shares of common stock (assume the additional shares were outstanding for the entire year). Which means of financing would stockholders prefer? Explain.