Waterfront Marina needs to raise $3.0 million to expand the company. The company is considering issuing either $3,000,000 of 8% bonds payable to borrow the money, or 100,000 shares of common stock at S30 per share Click the icon to view additonal information) Read the requirements Start by preparing the analysis to determine which plan is likely to result in higher earnings per share (EPS) (For announts with a 50 balance, make sure to enter "on in the appropriate column) LOS Less X More info Before any new financing, Waterfront expects to earn net income of $200,000, and the company already has 100,000 shares of common stock outstanding Waterfront believes the expansion will increase income before interest and income tax by $500,000. The company's income tax rate is 40%. Print Done Requirements Prepare an analysis to determine which plan is likely to result in the higher earnings per share. Based solely on the earnings-per-share comparison, which financing plan would you recommend for Waterfront? Print Done