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dont use hand-writing thank u 7. Gooding Retail would like to expand its' facilities. The financial manager is considering two different plans to raise an

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7. Gooding Retail would like to expand its' facilities. The financial manager is considering two different plans to raise an additional $936,000. It is anticipated that sales will increase to $4,500,000 after the expansion. The new variable cost figure will be $1,500,000 and the new fixed cost figure will be $1,300,000. These figures will be the same for both plans. The existing $300,000 interest expense as well as any increased interest expenses will have to be met. The tax rate remains at 40% a) Calculate the earnings per share under a plan in which the firm issues an additional 52000 shares at $18 per share. The interest expense will stay the same. Use the data in question #6 to answer this question. (5 points)

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