Three different plans for financing an $3,600,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount, and the income tax rate is estimated at 40% of income: 10% Bonds Preferred 5% stock, $80 par Common stock, $3.6 par Total Required: Plan 1 $3,600,000 $ 3,600,000 Plan 2 $1,800,000 1,800,000 $3,600,000 Plan 3 $1,800,000 900,000 900,000 $ 3,600,000

Three digerent pians for finanong ant $3,600,000 corporation are-vender consideratian by its organiters. Under each of the foliowing plans, the securities witi be issued at their par or face amount, and the income tex rate is estmoted at 405 of income: Three digerent pians for finanong ant $3,600,000 corporation are-vender consideratian by its organiters. Under each of the foliowing plans, the securities witi be issued at their par or face amount, and the income tex rate is estmoted at 405 of income