VL Electronicsis consider ng two plans or raising S5.000.000 to expand operations Plan A sto ssue 7% bonds payable, and plan B is to issue 100 000 shares or common stock Before any new financ ng VL Electronics has net income of $300 000 and 700,000 shares of common stock outstanding Management believes the company can use the new The income tax rate is 20% Analyze the VL Electronics situation to determine which plan w result in higher earrings per share ( amounts to the nearest cent) funds to earn additional income of $600.000 before interest and taxes (Complete all answer boxes Enter "0" for any zero balances. Round earnings per share Begin by completing the analysis below for plian A then plan B Plan A: Issue $5,000,000 Plan B: Issue $5.000,000 of 7% Bonds Payable of Common Stock Net income before new project Expected income on the new project before interest and income tax expenses Less Interest expense Project income befare income tax Less Income tax expense Project net income Net income with new project Ean per share with new will result in higher earnings per share Plan B Pian A