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Marin Inc. is considering these two alternatives to finance its construction of a new $1.20 million plant: 1. Issuance of 120.000 shares of common stock

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Marin Inc. is considering these two alternatives to finance its construction of a new $1.20 million plant: 1. Issuance of 120.000 shares of common stock at the market price of $10 per share. Issuance of $1.20 million, 6% bonds at face value. 2. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock $1,656.000 Issue Bonds Income before interest and taxes $1,656,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income $ $ Outstanding shares 720,000 Earnings per share $

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