Peyton plans to raise $1,000,000 million of additional capital for the coming year. They anticipate
	that it will enable them to earn an additional $600,000 after tax. What would be the impact on
	earnings per share if the raise the $1,000,000 by:
		a) issuing 10,000 share of 10% $100 par value convertible preferred stock, where share
		can be coverted into 10 shares of Peyton common stock?
		b) issuing $1,000,000 of 8% convertible bond, each $1,000 bond can be converted into?
		5 shares of Peyton common stock?
		c) $500,000 of each of the above?
		Net Income
		Less: Preferred Dividends
		Earnings Available to Common Shareholders
		Common Shares Outstanding
			Basic EPS
	a	If all preferred shares are converted:
		Net Income
		Additional Common Shares
		Common Shares Outstanding after conversion
		EPS if preferred shares converted
			Preferred shares are antidilutive
	b	If all bonds are converted:
		Net Income
		Less: Preferred Dividends
		Add back interest on bonds, net of income tax
		Earnings Available to Common Shareholders
		Additional Common Shares
		Common Shares Outstanding after conversion

Net Income: 12,376,457.01

preferred Dividends 50000

common dividends: 5250000

preferred stock: 500000

common stock:1750000