As a- new accountant at the ABC-Company, you have been asked to evaluate two possible courses of action in. order.to-raise- $400,000 with which to construct-an-extension to an existing facility: ? (a) + issue 400,000 shares of common stock at $10 per share.f (b) issue 7%,10y yar bonds at par ($4,000,000). $ I Income before interest and taxes is expected to be $3,500,000. The company has a 30% tax rate and has 600,000 shares of common stock outstanding prior to the new financing. .1 Instructions) Calculate each of the following for each alternative: (1) Netincome.f (2) Earnings per share (eps).-1 For (1) netincome:1) For (2) earnings pershare:f