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please more explnation detail The board of directors of Lauber...

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Accounting

please more explnation detail
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The board of directors of Lauber Corporation is considering two plans for financing the purchase of new plant equipment Plan \#1]would require the issuance of $5,000,000,6%,20-year bonds at face value. Plan \#2 would require the issuance of 200,000 shares of $5 par value common stock that is selling for $25 per share on the open market. Lauber Corporation currently has 100,000 shares of common stock outstanding and the income tax rate is expected to be 30%. Assume that income before interest and income taxes is expected to be $500.000 if the new factory equipment is purchased. Instructions Prepare a schedule that shows the expected net income after taxes and the earnings per share on common stock under each of the plans that the board of directors is considering

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