alternative financing plans Frey Co. is considering the following alternative financing plans: plan 1 issue 5% bonds(at faced value)$6,000,000 issue preferred $1 stock,$20 par -------- issued common stock, $25 par $6,000,000 plan 2 issue 5% bonds (at face value) $2,000,000 issue preferred $1 stock,$20 par 6,000,000 issue common stock,$25 par $4,000,000 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 $800,000