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

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Marin Inc. is considering these two alternatives to finance its construction of a new $1.20 million plant Issuance of 120.000 shares of common stock at the market price of $10 per share Issuance of 51 20 million, 8% bondsat face value 1. 2 Complete the table. (Round earnings per share to 2 decimal places es $2.66) 2 Issue Stock Issue Bonds Income before interest and taxes $1416,000 $1.416,000 Interest expense from bonds O 000 Income before income taxes 1573000 13.20.000 Income tax expense (35) 495.000 462.000 Net income 4.62.000 858.000 Outstanding shares 720.000 660,000 Earnings per share 18 $ Textbook and Media Attempts: 2 of 5

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