Turner Inc. is considering two alternatives to finance its construction of a new $6 million plant. (a) Issuance of 600,000 shares of common stock at the market price of $10 per share. (b) Issuance of $6 million, 4% bonds at par. Instructions Complete the following table. You MUST show your work to receive full credit. Issue Stock Issue Bonds Income before interest and taxes $20,000,000 $20,000,000 Interest expense from bonds _________ _________ Income before income taxes $ $ Income tax expense (30%) _________ _________ Net income $________ $________ Outstanding shares _________ 4,000,000 Earnings per share _________ _________