Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 $960,000 Issue 10% bonds (at face value) Issue preferred $1 stock, $10 par $480,000 800,000 Issue common stock, $5 par 960,000 640,000 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 $672,000. 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 Submit Answer Try Another Version Save and Exit You must finish your in-progress quiz take before you can Cengage Lerning Cenage Technical Support Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 $800,000 Issue 10% bonds (at face value) Issue preferred $1 stock, $10 par Issue common stock, $5 par $400,000 660,000 800,000 540,000 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 $240,000. 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 Submit Answer Try Another Version Save and You must finish your in-progress quiz take before ya engage Learning Cengage Technical Support