Brief Exercise 11-11 Tamarisk, Inc.currently has 680,000 shares of common stock outstanding. Tamarisk, Inc. is considering these two alternatives to finance its construction of a new $1.50 million plant: 1. Issuance of 150,000 shares of common stock at the market price of $10 per share 2. Issuance of $1.50 million, 5% bonds at face value Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Income before interest and taxes Interest expense from bonds Income before income taxes $1,580,000 $1,580,000 7500 1580000 1505000 Income tax expense (30%) Net income Outstanding shares 830000 680,000 Earnings per share LINK TO TEXT INTERACTIVE TUTORIAL Indicate which alternative is preferable. Issuance of bonds is preferable