Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 $960,000 $480,000 Issue 10% bonds (at face value) Issue preferred $1 stock, $10 par Issue common stock, $5 par 800,000 640,000 960,000 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 $768,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 $ Earnings per share on common stock Plan 2 S Earnings per share on common stock