XYZ Company is considering the following financing plans. Plan 1 Bonds, 10% Plan 2 Plan 3 $3,000,000 Preferred stock, $100 par, 1% $2,000,000 $1,000,000 Common stock, $10 par $5,000,000 3,000,000 $1,000,000 $5,000,000 $5,000,000 $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. EBIT Interest EBT Taxes Net income Preferred div. Avail, for common Common shares Plan 1 Plan 2 Plan 3