8 pts (a): Banks Company is considering two alternatives to finance its purchase of a new $5,000,000 office building (1) Issue 500,000 shares of common stock at $10 per share. (2) Issue 7%, 10-year bonds at par ($5,000,000). Income before interest and taxes is expected to be $2,500,000. The company has a 30% tax rate and has 700,000 shares of common stock outstanding prior to the new financing, Instructions: Calculate Net Income and earnings per share for each alternative: (b): Using the above information... Calculate the Net Income and earnings per share for each alternative.. had the company relocated to Ireland and paid only 12% TAX!!!! In preparing your answer, you can use the tables below as a starting point. (note... only use the rows and columns that you need... (count might not be exact) Part (a) Part (b) Debt vs Equity Bonds Stock Bonds Stock