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Alternative Financing Plans Desmond Co . is considering the following alternative financing plans: Income tax is estimated at 4 0 % of income. Determine the

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 $504,000.
Enter answers in dollars and cents, rounding to two decimal places.
Plan 1
Earnings per share on common stock
Plan 2
Earnings per share on common stock
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Set up a column for each plan. Remember to take interest, income tax and dividends into consideration.
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