Is it possible to have this double checked to be sure that I have completed this problem correctly?

CF 11-2 Bagan Corporation, a profitable growth company with 200,000 shares of common stock outstanding, is in need of approximately $40 million in new funds to finance required expansion. Currently, there are no other equities outstanding. Management has three options open: a. Sell 540 million of 12per cent bonds at face value. b. Sell shares of 10% preferred stock: 400,000 shares at $100 each {dividend $10 per share]. c. Sell another 200,000 shares of common stock at $200 each. Operating income (before interest and income taxes) on completion of the expansion is expected to average $12 million per year; the income tax rate is 50%. Required: 1. Complete the schedule below and calculate the earnings per share of common stock. Income before interest and income taxes Less: Interest Expense ($40,000,000 x 12%) Income before taxes Less: Income taxes at 50% Net Income Less: Preferred dividends (400,000 x $10) Net Income available to common stockholders Number of common shares outstanding Earnings per share of common stock 99-69 699969 9969 1 2% Bonds 12,000,000 4,800,000 7,200,000 7,200,000 3,600,000 3,600,000 3,600,000 200,000 18.00 99-69 69-9969 9969 Preferred Stock 12,000,000 12,000,000 12,000,000 6,000,000 6,000,000 4,000,000 2,000,000 200,000 10.00 Common Stock $ 12,000,000 $ _ $ 12,000,000 $ 12,000,000 $ 6,000,000 $ 6,000,000 $ _ $ 6,000,000 400,000 $ 15.00