Alternative Financing Plans Desmond Co. is considering the following alternative financing plans: Plan 1 Plan 2 $3,000,000 $1,000,000 Issue 5% bonds (at face value) 3,000,000 Issue preferred $1 stock, $20 par 3,000,000 2,000,000 Issue common stock, $10 par Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that income before bond interest ar Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock 69 Plan 2 Earnings per share on common stock $ Alternative Financing Plans Desmond Co. is considering the following alternative financing plans: Plan 1 Plan 2 $3,000,000 $1,000,000 Issue 5% bonds (at face value) 3,000,000 Issue preferred $1 stock, $20 par 3,000,000 2,000,000 Issue common stock, $10 par Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that income before bond interest ar Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock 69 Plan 2 Earnings per share on common stock $