For the year ended 2019, Falcon Hat (FH) has $1,250,000 of debt with an annual interest rate of 8%, $2,000,000 of preferred stock with an annual preferred dividend rate of 10%, $3,500,000 of common stock (total book value), and 250,000 common shares outstanding. FH plans to undertake an expansion project which requires $500,000 external capital and is considering the following two long-term financing alternatives: (1) new term loan with an interest rate of 10%; its sinking fund provision requires the loan to be fully amortized over the next 5 years, commencing in 2021; and (2) 10,000 new shares of preferred stock to net the firm $50 per share, with a new preferred dividend rate of 12%. FH expects that the existing debt and preferred stock will not be retired until the year 2025; hence, they will.remain in the same amount in 2020. If the project goes as planned, FH expects $1.2 million of ERITI 2020. FH's corporate tax rate is 40%. What would the difference in earnings per share be between the two financing alternatives? (Ignore dollar sign and round your answer to two decimal places (or the nearest cent) leg.x.xx).)