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JN Electronica is considering two plans for raising $7,000,000 to expand operations. Plan A is to issue 4% bonds payntie, and plan B is to

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JN Electronica is considering two plans for raising $7,000,000 to expand operations. Plan A is to issue 4% bonds payntie, and plan B is to issue 500,000 shares of common stock. Betore any new financing, JN Electronics has net income of $300,000 and 200,000 shares of common stock cutstanding. Mansgement believes the company can use the new funds to earn additional incorse of $600,000 before inferest and taxes. The income tax rate is 21%. Analyze the JN Eloctronics stuation to determine which plan will result in higher earnings per share. (Complete al input fields. Enter a for any zero balances. Round earnings per share amounts to the nearest cent.) Begin by completing the analysis below for plan A, then plan B

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