Speegleville Marina needs to raise $2.0 million to expand the company. The company is considering issuing either: $2,000,000 of 8% bonds payable to borrow the money; or 100,000 shares of common stock at $20 per share. i (Click the icon to view additonal information.) Read the requirements. Net income before expansion Expected project income before interest and income tax Less: Interest expense Expected project income before income tax Income tax expense Less: Expected project net income Total company net income Earnings per share after expansion Plan A Issue $2,000,000 of 8% Bonds Payable K Speegleville Marina needs to raise $2.0 million to expand the company. The company is considering issu $2,000,000 of 8% bonds payable to borrow the money; or 100,000 shares of common stock at $20 per share. (Click the icon to view additonal information.) Read the requirements. More info - arnings per share (EF Before any new financing, Speegleville expects to earn net income of $400,000, and the company already has 100,000 shares of common stock outstanding. Speegleville believes the expansion will increase income before interest and income tax by $200,000. The company's income tax rate is 30%. an A 2,000,000 ds Payable Print Done Less: Income tax expense Expected project net income Total company net income