Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 $1,000,000 Issue 10% bonds (at face value) Issue preferred $1 stock, $10 par $500,000 830,000 670,000 Issue common stock, $5 par 1,000,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $300,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock 0 Plan 2 Earnings per share on common stock 0