Deising Canning Company is considering an expansion of its faciities. Its current income statement is as tollows. The company is currenty financed with 50 percent debt and 50 percent equity (common stock, par value of $10 ) in order to expand the facilities, Mr. Delsing estimates a need for $22 million in additional financing. His investment banker has laid out three plans for him to consider 1. Sell $22 milion of debt at 10 percent 2. Sell $2.2 milion of common stock at $20 per share 3. Sell $110 millon of debt at 9 percent and $110 malion of common stock at $25 per share Variable costs are expected to stay at 50 percent of sales, while fixed expenses will increase to $2,320,000 per year. Deising is not sure how much this expansion will add to sales, but he esumates that sales will rise by $1 mitlion per year for the next five years. Delsing is interested in a thorough analysis of his expansion plans and methods of financing He would like you to analyze the following 0. The oreak-even point for operating expenses before and after expansion (in sales dollars) Note: Enter your answers in dollars not in millions, Le, $1,234,567. 8 Answer is complete but not entirely correct. d. Compute EPS under all three methods of financing the expansion at $6.2 milion in sales (first year) and $102millon in sales (iast year). Note: Round your answers to 2 decimal places