Speedtown Marina needs to raise $$1\mathrm{.}2$ million to expand the company. Speedtown Marina is considering the issuance of either

$$1,200,000$ of $6\%$ bonds payable, or

$100,000$ common shares at $$12$ per share.

$($i$)($Click the icon to view additional information.$)$ Speedtown Marina? Round earnings per share to the nearest cent.$)$

Which financing plan would you recommend based solely on EPS?