6 Practice Gradebook ORION Downloadable eTextbook Metlock, Inc. is considering two alternatives to finance its...
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6 Practice Gradebook ORION Downloadable eTextbook Metlock, Inc. is considering two alternatives to finance its construction of a new $1 million plant (a) Issuance of 100,000 shares of common stock at the market price of $10 per share (b) Issuance of $1 milion, 6% bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, e.o. a.25.) Issue Stock Issue Bond Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (25%) 765,000 $765,000 ts br Eamings per share which aternative is FS F7 F8 F10 F11 F12 5 6 8 W E
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