14 HW eBook Calculator E Print Item M.14-2 @ Effect of Financing on Earnings Per Share M.14-1 Three different plans for financing an $6,200,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount, and the income tax rate is estimated at 40% of income: M.14-3 Plan 1 Plan 2 Plan 3 10% Bonds $3,100,000 M.14-4 Preferred 5% stock, $80 par $3,100,000 1,550,000 M.14-5 Common stock, $6.2 par S6,200,000 3,100,000 1,550,000 Total $ 6,200,000 $ 6,200,000 $ 6,200,000 M. 14.06 Required: M.14-App 1. Determine the earnings per share of common stock for each plan, assuming that the income before bond interest and income tax is 512,400,000. Enter answers in dollars and cents, rounding to two decimal places. M.14-App2 Earnings Per Share on Common Stock 14-01.ALGO Plan 1 7.44 R.14-04.BLANKSHEET.A... Plan 2 14.69 X Plan 3 28.83 R.14-03.BLANKSHEET.A... 2. Determine the earnings per share of common stock for each plan, assuming that the income before bond interest and income tax is $5,890,000. Enter answers in dollars and cents, rounding to two decimal places. R. 14-02.BLANKSHEET.A... Earnings Per Share on Common Stock Plan 1 3.53 Plan 2 6.88 X Plan 3 13.20 x Check My Work Omore Check My Work uses remaining, Previous Next gress: 9/12 items ment Score: 66.67% All work saved. Save and Exit Submit Assignment for Grading