AF Electronics is considering two plans for raising $$5,000,000$ to expand operations. Plan A is to issue $7\%$ bonds payable, and plan B is to issue $100,000$ shares of common stock. Before any new financing, AF Electronics has net income of $$200,000$ and $600,000$ shares of common stock outstanding. Management believes the company can use the new funds to earn additional income of $$400,000$ before interest and taxes. The income tax rate is $21\%.$ Analyze the AF Electronics situation to determine which plan will result in higher earnings per share. $($Complete all answer boxes. Enter $"0"$ for any zero balances. Round earnings per share amounts to the nearest cent.$)$

Begin by completing the analysis below for plan $A,$ then plan $B.$

$\backslash$table$[[,\backslash$table$[[$Plan A: Issue $$5,000,000$