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Brief Exercise 11-11 Shamrock, Inc.currently has 760,000 shares of common stock outstanding. Shamrock, Inc. is considering these two alternatives to finance its construction of a

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Brief Exercise 11-11 Shamrock, Inc.currently has 760,000 shares of common stock outstanding. Shamrock, Inc. is considering these two alternatives to finance its construction of a new $1.90 milion plant: Issuance of 190.000 shares of common stock at the market price of $10 per share. 1. Issuance of $1.90 milion, 6 % bonds at face value. 2. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) ISsue Stock 1Ssue Bonds $1,660,000 Income before interest and taxes $1.660,000 Interest expense from bonds Income before income taxes Income tax expense (30% ) Net income 760,000 Outstanding shares

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