Effect of Financing on Earnings Per Share Three different plans for financing an $18,000,000 corporation are under consideration by its organizers. Under sach of the following plans, the securities will be issued at their par or foce amount, and the income tax rate is estimated at 40 in of income: kequirea: 1. Determine the earnings per share of common stock for each plan, assuming that the income before bond interest and income tax is $2,100,000. Enter answers in dollars and cents, rounding to the nearest whole cent. 2. Determine the eamings per share of common stock for each plan, assuming that the income before bond interest and income tax is 51,050,000, Enter answers in dollars and cents, rounding to the nearest whole cent. 2. Determine the earnings per share of common stock for each plan, assuming that the income before bond interest and income tax is $1,050,000. Enter answers in dollars and cents, rounding to the nearest whole cent. 3. The principal of Plan 1 is that it involves only the issuance of common stock, which does not require a periodic interest payment or return of principal, and a payment of preferred dividends required