Alternative Financing Plans Desmond Co. is considering the following alternative financing plans: Plan 2 $480,000 - 800,000 640,000 Plan 1 Issue 10% bonds (at face value) $960,000 Issue preferred $1 stock, $10 par Issue common stock, $5 par 960,000 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 $384,000. Enter answers in dollars and cents, rounding to two decimal places