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Alternative Financing Plans Brower Co. is considering the following alternative financing plans Plan 1 Plan...

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Accounting

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Alternative Financing Plans Brower Co. is considering the following alternative financing plans Plan 1 Plan 2 Issue 10% bonds (at face value) Issue preferred $2.50 stock, $25 par Issue common stock, $10 par Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming income before bond interest and income tax is $2,000,000 Enter answers in dollars and cents, rounding to the nearest whole cent. Plan 1 Plan 2 $4,000,000 $2,500,000 3,000,000 ,000,0002,500,000 Earnings per share on common stock Earnings per share on common stock

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