1. A firm is considering 3 alternative financial plans to raise Br. 10 Million. EBIT is Br. 1Million, and tax rate is 50%. Calculate the EPS under each financial plan, from the details below:

1. Plan 1 Issue 100,000 common shares with face value of Br. 100 per share, issued at par.
2. Plan 2 Issue 50,000 common shares with face value of Br. 100 per share, issued at par, raise the balance through issue of bond with10% per annum interest.
3. Plan 3 Issue 50,000 common shares with face value of Br. 100 per share, issued at par, issue 5,000 preference shares at Br. 1,000 per share, and dividend of8% per annum.