Information: Your company needs to raise $4,000,000 in order to finance an expansion project. Currently the company has $0 net income and has 100,000 shares of common stock issued and outstanding. If the company obtains the funds, they will earn $1,000,000 before interest expense and taxes. The tax rate is 25%. There are 3 possible alternatives to raise the money: a. Issues 200,000 shares of common stock at $20 per share. b. Issues $4,000,000 of 9% preferred stock c. Issue $4,000,000 of 8% bonds. Your task: Compute earnings per share for each alternative