Show Me How Calculator Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 $1,440,000 $720,000 Issue 10% bonds (at face value) Issue preferred $1 stock. $10 par Issue common stock, $5 par 1.200,000 1.440.000 960,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $720.000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 1.80 X Earnings per share on common stock plan 2 2.30 X Earnings per share on common stock TCC Set up a column for each plan. Remember to interest income tan dividends into consideration