just a-1, please and thank you.

Problem 5-24 (Algo) Leverage and sensitivity analysis [LO5-6] Edsel Research Labs has $28.80 million in assets. Currently half of these assets are financed with long-term debt at 5 percent and half with common stock having a par value of $10. Ms. Edsel, the Vice President of Finance, wishes to analyze two refinancing plans, one with more debt (D) and one with more equity (E). The company earns a return on assets before interest and taxes of 8 percent. The tax rate is 30 percent. Under Plan D, a $7.20 million long-term bond would be sold at an interest rate of 8 percent and 720,000 shares of stock would be purchased in the market at $10 per share and retired. Under Plan E, 720,000 shares of stock would be sold at $10 per share and the $7,200,000 in proceeds would be used to reduce long-term debt. a-1. Compute earnings per share considering the current plan and the two new plans. Note: Round your answers to 2 decimal places. a-2. Which plan(s) would produce the highest EPS? Note that due to tax loss carry-forwards and carry-backs, taxes can be a negative number. Plan D The Current Plan and Plan D Dlan F