Dawson Corporation is considering two plans for raising $1,000,000 to expand its operations into the west. The first plan involves the sale of 5%, 10-year bonds that could be issued at face value, and the second plan involves the sale of 50,000 common shares. Either alternative would raise $1,000,000. Prior to any new financing, Dawson Corporation has net income of $800,000 and 100,000 common shares outstanding. Management believes the expansion will generate additional project income of $400,000 before interest and taxes. The income tax rate is 30%. Calculate the following under both plans: 1. The project net income 2. The total net income 3. Earnings per share