a.  Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $198,000. $fill in the blank 1 per share b.  Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $243,000. $fill in the blank 2 per share c.  Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $288,000.

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Effect of Financing on Earnings Per Share BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $850,000 Preferred 2% stock, $20 par 850,000 Common stock, $25 par 850,000 Income tax is estimated at 60% of income. Round your answers to the nearest cent. a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $331,500. per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $416,500. per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $501,500. per share Feedback Check My Work Recall that earnings per share is calculated by dividing Net Income minus Preferred Dividends by Number of Common Shares Outstanding.

Information on Lightning Power Company, is shown below. Assume the company's tax rate is 22 percent. 18,200 6.1 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 107.8 percent of par; the bonds make semiannual payments. 620,000 shares outstanding, selling for $85.25 per share; beta is 1.15. 28,500 shares of 4.25 percent preferred stock outstanding, currently selling for $92.70 per share. The par value is $100. 6.8 percent market risk premium and 3.4 percent risk-free rate. Debt: Common stock: Preferred stock: Market: What is the company's cost of each form of financing? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Cost of equity Aftertax cost of debt Cost of preferred stock Calculate the company's WACC. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. WACC % % 4.59 % 9.18 %