Sorenson Co., is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% Bonds (at face) - $600,000 Issue $10 par Common Stock $900,000 $300,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income tax is $225,000. Round your answers to two decimal places.