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Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2...

Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% Bonds (at face) - $300,000 Issue $10 par Common Stock $450,000 $150,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income tax is $114,000. Round your answers to two decimal places.

Plan 1 $

Plan 2 $

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