CALCULATOR FULL SCREEN INTER VERSION NEXT Exercise 11-14 Blossom Company is considering these two alternatives for financing the purchase of a fleet of airplanes 1. ttu 54,500 shares of common stock at $46 per share (Cash dividends have not been paid nor is the payment of any contemplated) 2. 11%, 10-year bonds at face value for $2,599,000 It is estimated that the company wil om 1012,000 before interest and taxes as a result of this purchase. The company has an estimated tax rate of 40 and has 96,000 shares of common stock outstanding prior to the new financing Detamine the effect on net income and earnings per share for issuing stock and loving bonds. Assume the new shares or bonds will be outstanding for the entire year (Round earnings per share to 2 decimal places, eg $2.66.) Plan One Plan Two Issue Stock Issue Bonds Day 2000-2020 te Who Need A WA Version 4.194 ssignment CALCULATOR FOREN PRINTER VERSSON BACK NEXT outstanding prior to the new financing Determine the effect on net income and earnings per share for issuing stock and issuing bonds. Assume the new shares or new bonds will be outstanding for the entire year. (Round earnings per share to 2 decimal places, eg. $2.66.) Plan One Plan Two Issue Stock Issue Bonds Click if you would be to Show Work for this questions Open Show. Wors Tin Artem LLLL