A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share Minnie Corporation $970,000 242,500 $4.00 10x $40 Mickey Corporation $1,940,000 970,000 $2 20x $40 a. Assume a 100 percent premium will be pald and there is a 10 percent synergistic benefit to total earnings from the merger. What is the change in Mickey Corporation's earnings if it merges with Minnie Corporation? (Round the final answer to 2 decimal places.) Change in earnings per share post merger $1 b. Will the postmerger earnings go up or down? .Up O Down