Assume Alpine Sports Equipment, Inc. has outstanding common stock of $8,000,000 and retained earnings of $4,000,000. They want to raise an additional $5,000,000 in capital for expansion. option 1 - They are considering issuing bonds with a face value of $5,000,000 with coupon rate of 5% per year. option 2 - Another alternative is to issue preferred stock of a similar amount with a dividend rate of 5% per year. Earnings before interest and taxes are projected to be $1,500,000 Tax rate is 30%. question - A.) using option 1 - what is the updated stockholder equity? B.) using option 2 - what is the updated stockholder equity? C.) Which is the best option based on S/H equity