A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: Minnie Corporation $870,000 217,500 $4.00 10X $40 Mickey Corporation $1,740,000 870,000 Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share $2 20x $40 a. Assume a 100 percent premium will be paid and there is a 40 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 0.40 b. Will the postmerger earnings go up or down? Up O Down