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Question 5 of 5 -/15 View Policies Current Attempt in Progress Tamarisk, Inc. is considering these two alternatives to finance its construction of a new $1.89 million plant: 1. Issuance of 189,000 shares of common stock at the market price of $10 per share. Issuance of $1.89 million, 8% bonds at face value. 2. (a) Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Issue Stock $1,407,000 Issue Bonds $1,407,000 Income before interest and taxes Interest expense from bonds 0 151200 Income before income taxes Income tax expense (30%) Net income $ $ Outstanding shares 546,000 Earnings per share LA ty eTextbook and Media 5ave for Later Attempts: 0 of 2 used Submit Answer (b)Step by Step Solution
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