Edsel Research Labs has $27.80 million in assets, Currently half of these assets are financed with long-term debt at 7 percent and half with common stock having a par value of \$10: Ms. Edsel, the Vice President of Finance, wishes to analyze two refinancing plans, one whth more debt (D) and one with more equity (E). The company earns a refurn on assets before interest and taxes of 9 percent. The tax rate is 35 percent: Under Plan D, a $6.95 million long-term bond would be sold at an interest rate of 10 percent and 695.000 shares of stock would be purchased in the market at $10 per share and retired Under Plan E, 695,000 shares of stock would be sold at $10 per share and the $6,950,000 in proceeds would be used to reduce long-term debt. a-1. Compute earnings per share considering the current plan and the two new plans. Note: Round your onswers to 2 decimal places