Wavetown Marina needs to raise $3.0 million to expand the company. The company is considering issuing either - $3,000,000 of 7% bonds payable to borrow the money; of - 100,000 shares of common stock at $30 per share. (.) (Click the icon to view additonal information.) Read the requinements. Start by preparing the analysis to determine which plan is likely to result in higher eamings per share (EPS). (For amounts with a \$0 balance, maike sure to enter to* in the appropriate column.) 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 Wavetown? More info Before any new financing, Wavetown expects to earn net income of $600,000, and the company already has 100,000 shares of common stock outstanding. Wavetown believes the expansion will increase income before interest and income tax by $500,000. The company's income tax rate is 40%