Marin Inc. is considering these two alternatives to finance its construction of a new $2.30 million plant. There currently are 840,000 number of shares of common stock outstanding. 1. 2 (a) - Issuance of 230,000 shares of common stock at the market price of $10 per share. Issuance of $2.30 million, 7% bonds at face value. Your answer is partially correct. Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net Income Outstanding shares Earnings per share Issue Stock $1,740,000 0 1740000 522000 1218000 Issue Bonds $1,740,000 161000 1579000 473700 1105300