Elm Corporation plans to invest $300 million to earn about 15% before income taxes. The company is considering whether it should raise the $300 million by issuing 10% bonds payable or capital stock. If the company issues the bonds, it will probably report: Multiple Choice Lower net income and lower income taxes expense than if it issues capital stock. Higher net income and higher income taxes expense than if it issues capital stock. Lower net income and higher income taxes expense than if it issues capital stock. Higher net income and lower income taxes expense than if it issues capital stock.