某公司目前的资金来源包括面值1元的普通股800万股和平均利率为10%的3000万元债务。该公司现拟投产甲产品，该项目需要投资4000万元，预计投资后每年可增加息税前利润400万元。该项目有3个筹资方案。

（1）按11%的利率发行债券。

（2）按面值发行股利率为12%的优先股。

（3）按20元/股的价格增发普通股。

该公司目前的息税前利润为1600万元，所得税税率为40%，证券发行费用忽略不计。

要求：

（1）计算按不同方案筹资后的每股收益。

（2）计算增发普通股和债券筹资的每股利润无差别点，以及增发普通股和优先股的每股利润无差别点。

（3）计算筹资后的财务杠杆系数。

（4）根据以上计算结果解析，该公司应选择哪一种筹资方案为什么

A variety of illegal acts committed by people in the course of their employment, for their own personal gain, are collectively known as white-collar crime. Embezzlement, theft and trading securities (1) insider information are common forms of white-collar crime. The majority of cases involve low-level employees who steal because they are under (2) financial stress. Many plan to (3) the money back as soon as possible but may never do so. Their crimes are usually never (4) because the amounts of money are small, and no one notices the (5) .

(6) , there are some very large cases of white-collar crime, such as multimillion-dollar stock market or banking seams that take years to discover and are extremely difficult and expensive to (7) .

White-collar crime is not (8) to the business sector. Government employment, especially (9) the city level, also provides opportunities to (10) one’s pockets. (11) , building inspectors accept bribes and full-time employees receive (12) payments.

Although white-collar crime is less (13) than street crime, it involves (14) more money and harm to the public than crimes committed by street criminals. It is (15) that there are more criminals (16) the office suites than in the streets, yet the (17) of white-collar makes it difficult to uncover the offenses and pursue the offenders. As the economy (18) from manufacturing to services and electronic commerce, opportunities for white-collar crime (19) , while the technology needed to stop such crimes will (20) .

4（）

A.disclosed

B.exposed

C.retained

D.discovered