Alternative Financing Plans

Desmond Co$.$ is considering the following alternative financing plans:

Income tax is estimated at $40\%$ of income.

Determine the earnings per share of common stock, assuming that income before bond interest and income tax is $$672,000.$

Enter answers in dollars and cents, rounding to two decimal places.

Plan $1,$$

X Earnings per share on common stock

Plan $2$

$

X Earnings per share on common stock