Dicknson Company has $11,980,000 million In assets. Currently half of these assets are financed with long-term debt at 9.9 percent and half with common stock having a par value of \$8. Ms. Park, VIce President of Finance, wishes to analyze two refinancing plans, one with more debt (D) and one with more equity (E). The company earns a return on assets before interest and taxes of 9.9 percent The tax rate is 40 percent. Tax loss carryover provisions apply, so negatlve tax amounts are permissable. Under Plan D, a $2,995,000 million long-term bond would be sold at an Interest rate of 11.9 percent and 374,375 shares of stock would be purchased in the market at $8 per share and retired. Under Plan E, 374,375 shares of stock would be sold at $8 per share and the $2,995,000 in proceeds would be used to reduce longterm debt a. Compute earnings per share considering the current plan and the two new plans. Note: Round your answers to 2 decimal places. b-1. Compute the earnings per share if return on assets fell to 4.95 percent. Note: Negative amounts should be Indlcated by a minus sign. Round your answers to 2 decimal places. Leave no cells blank be certain to enter 0 wherever required. b-2. Which plan would be most favorable If return on assets fell to 4.95 percent? Consider the current plan and the two new plans. Plan D Plan E Current Plan b-3. Compute the earnings per share If return on assets Increased to 14.9 percent. Note: Round your answers to 2 decimal places. b-4. Which plan would be most favorable if return on assets increased to 14.9 percent? Consider the current plan and the two new plans. Plan D Current Plan Plan E c-1. If the market price for common stock rose to $10 before the restructuring, compute the earnings per share. Continue to assume that $2,995,000 million In debt will be used to retire stock in Plan D and $2,995,000 million of new equity will be sold to retire debt in Plan E. Also assume that return on assets is 9.9 percent. Note: Round your answers to 2 decimal places. c-2. If the market price for common stock rose to $10 before the restructuring, which plan would then be most attractlve? Plan D Plan E Current Plan