Requirements Prepare an analysis to determine which plan is likely to result in the higher earnings per share. Based solely on the earnings-per-share comparison, which financing plan would you recommend for Speedtown? Speectown Marina needs to raise $1.0 mition to expand the company. The company is convideding issuing either: - $1,000,000 of 6% bonds payable to borrow the moneyc or - 100,000 thaves of common slock at \$10 per thare. i) (Cick the icon to viaw sdditonal inlortation) Rosd the requirsments More info Requirements Prepare an anayeis to desermine which plan is likty to retul w the higher finanding plar would you recomemend for Speediown? More info Before any new financing, Speedtown expects to earn net income of $200,000, and the company already has 100,000 shares of common stock outstanding. Speedtown believes the expansion will increase income before interest and income tax by $100,000. The company's income tax rate is 40%