Wavetown Marina needs to raise $1.6 million to expand the company, Wavetown Marina is considering the issuance of either $1,600,000 of 6% bonds payable, or 100,000 common shares at $16 per share. (Click the icon to view additional information.) Prepare an analysis to determine which plan is likely to result in higher earnings per share. Based solely on the earnings-per-share comparison, which financing plan would you recommend for Wavetown Marina? Start by prepanng the analysis to determine which plan likely result in higher earnings per share (EPS). (For amounts with a $0 balance, make sure to enter "o" in the appropriate column.) Plan 1 Plan 2 Issue $1,600,000 Issue $1,600,000 of 6% Bonds Payable Additional info of Common Shares Before any new financing, Wavetown Marina expects to earn net income of $550,000, and the company already has 100,000 shares of common shares outstanding. Wavetown Marina believes the expansion will increase income before interest and income tax by $210,000. The income tax rate is 30% Less Less Print Done Next