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Three different plans for financing an $6,600,000 corporation are under consideration by its organizers. Under Effect of Financing on Earnings Per Share aarh of the

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Three different plans for financing an $6,600,000 corporation are under consideration by its organizers. Under Effect of Financing on Earnings Per Share aarh of the following plans, the securities will be issued at their par or face amount, and the income tax rate is 1. Determine the earnings per share of common stock for each plan, assuming that the income before bond Required: interest and income tax is $13,200,000. Enter answers in dollars and cents, rounding to two decimal places. 2. Determine the earnings per share of common stock for each plan, assuming wat we income before bond interest and income tax is $6,270,000. Enter answers in dollars and cents, rounding to two decimal places. 3. The principal of Plan 1 is that it involves only the issuance of common stock, which do require a periodic interest payment or return of principal, and a payment of preferred dividends required

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