Alternative financing plansfly co is considering the

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Reference no: EM13378469

Alternative Financing Plans

Fly Co. is considering the following alternative financing plans:

1264_Alternative Financing Plans.gif

Income tax is estimated at 40% of income.

Determine the earnings per share on 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: $ Earnings per share on common stock

Plan 2: $ Earnings per share on common stock

Reference no: EM13378469

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