Problem H2 (Alternative Financing) A company is considering the following alternative plans for financing the company: Plan \#1: Raise $3,000,000 by issuing new stock. Each stock would sell for $10.00. Plan \#2: Raise $3,000,000 by issuing new bonds. The bonds would pay 10% interest Income tax is estimated at 40% of income, determine the earnings per share of common stock under the two alternative financing plans, assuming earnings before bond interest and income tax is $1,000,000