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Brief Exercise 11-11 Skysong, Inc.currently has 770,000 shares of common stock outstanding. Skysong, Inc. is considering these two alternatives to finance its construction of a

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Brief Exercise 11-11 Skysong, Inc.currently has 770,000 shares of common stock outstanding. Skysong, Inc. is considering these two alternatives to finance its construction of a new $1.95 million plant: 1. Issuance of 195,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.95 million, 8% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, ... 52.66.) Issue Stock $1,670,000 Issue Bonds $1,670,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Outstanding shares 770,000 Earnings per share

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