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Sorenson Co. is considering the following alternative plans for financing the company: Income tax is estimated at 40% of income. Determine the earnings per share

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Sorenson Co. is considering the following alternative plans for financing the company: 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 $9,000. Round your answers to two decimal places

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