Wright Co Ine, is considering the following plans for financing their company Issue 1290 Bonds (at face value) Plan 1 Plan 2 Issue Preferred $2 Stock, $10 per share $1 ,060,060 $500,060 Issue Common Stock, $10 Par $760,560 $ 1,060,060 come Tax is estimated at 40% of income. termine the earnings per share of common stock under the two alternative financing plans, assuming come before bond interest and income tax is $400,900 rnings before bond interest and income tax 400,000 ad interest ance me tax come ends on preferred stock s available for common stock of common shares per share on common stock followi ld be disclosed as an operating, financing, or inves e stat direct method. NS