Ulmer Company is considering the following alternative financing plans: 
Income tax is estimated at 35% of income.Dividends of $1 per share were declared and paid on the preferred stock.Determine the earnings per share of common stock,assuming income before bond interest and income tax is $600,000.
Definitions:
Interest Rates
The cost of borrowing money, typically expressed as a percentage of the principal loan amount charged by lenders to borrowers.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in time value of money calculations.
Future Amount
The value of an investment or sum of money projected at a future date, taking into account factors like interest rates or earnings.
Analysis
The process of examining components or structure of a subject to understand more about it and draw conclusions.
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