Cruising Marina needs to raise $$0\mathrm{.}9$ million to expand the company. Cruising Marina is considering the issuance of either

$$900,000$ of $7\%$ bonds payable, or

$100,000$ common shares at $$9$ per share.

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Prepare an analysis to determine which plan is likely to result in higher earnings per share. Based solely on the earnings$-$per$-$share comparison, which financing plan would you recommend for Cruising Marina?

Start by preparing the analysis to determine which plan is likely to result in higher earnings per share $($EPS$).($For amounts with a $$0$ balance, make sure to enter $"0"$ in the appropriate colun Round earnings per share to the nearest cent.$)$

Which financing plan would you recommend based solely on EPS?