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Can someone please help me out with the correct answers Teal Mountain Inc. is considering these two alternatives to finance its construction of a new

Can someone please help me out with the correct answers

Teal Mountain Inc. is considering these two alternatives to finance its construction of a new $2.10 million plant: There currently are 800,000 number of shares of common stock outstanding.

1. Issuance of 210,000 shares of common stock at the market price of $10 per share.
2. Issuance of $2.10 million, 7% bonds at face value.

(a)

Partially correct answer icon

Your answer is partially correct.

Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.)

Issue Stock

Issue Bonds

Income before interest and taxes

$1,700,000 $1,700,000

Interest expense from bonds

enter a dollar amount enter a dollar amount

Income before income taxes

enter a dollar amount

enter a dollar amount

Income tax expense (30%)

enter a dollar amount

enter a dollar amount

Net income

$enter net income in dollars

$enter net income in dollars

Outstanding shares

enter a dollar amount

$enter a dollar amount

Earnings per share

$enter a dollar amount $enter a dollar amount

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