Dammer Corporation needs to raise $1,800,000. The corporation plans to sell 6%, 10-year bonds for $1,800,000 on January 1 of the current year. Dammer Corporation currently has 120,000 shares of stock outstanding and will generate net income of $850,000 in the current year. The $1,800.000 from the bond sale is expected to generate additional income of $600,000 before interest and taxes for the current year. The income tax rate is 20%. What are the earnings per share for the current year after consideration of the sale of the bonds and the additional income generated from the investment? (Round your final answer to the nearest cent.) O $10.36 $9.67 $12.24 O $8.94 O $8.68