XYZ Company is considering the following financing plans. Plan 1 Plan 2 Plan 3 $3,000,000 $1,000,000 $2,000,000 Bonds, 10% Preferred stock, $100 par, 1% Common stock, $10 par $5,000,000 $5,000,000 3,000,000 $5,000,000 $1,000,000 $5,000,000 The company has earnings before interest and taxes of $750,000 and assumes a tax rate of 40%. Calculate the earnings per share for each plan. Plan 1 Plan 2 Plan 3 EBIT Interest EBT Taxes k 10 Net income Preferred div. Avail. for common Common shares Earnings per share