12. ABC Company is considering two alternatives for the financing of a purchase of a fleet of Trucks. These two alternatives are: Issue 60,000 shares of common stock at $45 per share. (Cash dividends have not been paid nor is the payment of any contemplated). Issue 10%, 10-year bonds at face value for $2,700,000. It is estimated that the company will earn $800,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 30% and has 90,000 shares of common stock outstanding prior to the new financing