1.Able Corporation is considering the acquisition of Target Corporation.Target Corporation has 820,000 shares of stock, with earnings per share of $5.50 and a market price per share of $80.BRM has 1,265,000 shares outstanding with earnings per share of $3.81 and a market price of $52.The merger is expected to increase net income of the combined companies by $757,000 (in synergistic benefits).What is the maximum exchange ratio Able Corporation can offer and what is the minimum exchange ratio Target Corporation can accept?