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DW Electronics is considering two plans for raising $1,000,000 to expand operations. Plan Ais to issue 9% bonde payable; and plan 8 is ta issue

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DW Electronics is considering two plans for raising $1,000,000 to expand operations. Plan Ais to issue 9% bonde payable; and plan 8 is ta issue 100,000 shares of common stock Bofore any new finanding. OW Electronics has net income of $400.000 and 600,000 shates of common stock outstanding Maragement beleves the compary can uee the hew funds to eam additional income of 5800,000 betore interest and tawes. The income tax rase is 21%. Aralyze the DW Electronics shastion to determine which pian will result in higher earnings per share. (Corriclete all arsent bores Enter "70" for any zero balances. Round earnings per shase amounts to the nearest cent ] Begin by compteting the analysis beiow for plan A. then plan B

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