mare $$8.$ Ms$.$ Park, Vice Prese assets are financed with long$-$term debt at $10$ percent and half more debt $($D$)$ and one with more equity $($E$).$ The company earesident of Finance, wishes to analyze two refinancing plans, one with is $45$ percent. Tax loss carryover provisions apply, so negatives a return on assets before interest and taxes of $10$ percent. The tax rate

Under Plan D$,$ a $$3$ million long$-$term bond would be sold at an interest rate of $12$ percent and $375,000$ shares of stock would be purchased in the market at $$8$ per share and retired.

Under Plan E$,375,000$ shares of stock would be sold at $$8$ per share and the $$3,000,000$ in proceeds would be used to reduce longterm debt.

a$.$ Compute earnings per share considering the current plan and the two new plans.

Note: Round your answers to $2$ decimal places.

Answer is complete and correct.

$\backslash$table$[[\backslash$table$[[,,\backslash$table$[[$rent$],[$lan$]],$Plan D$,$Plan E$],[$Earnings per share,$$,0\mathrm{.}44,0\mathrm{.}35,0\mathrm{.}44Q$