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13. Ghabib Marble Co. is considering the following alternative plans for financing its company. Plan 1 Plan 2 Issue 10% bonds(at face value) $2,000,000 Issue

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13. Ghabib Marble Co. is considering the following alternative plans for financing its company. Plan 1 Plan 2 Issue 10% bonds(at face value) $2,000,000 Issue common stock $10 par $3,000,000 1.000.000 Income tax is estimated at 40% of income. Instructions: Determine the earning per share of common stock under the alternative financing plans, assuming income before bond interest and income tax is $750,000

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