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A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: Minnie Corporation Mickey Corporation Total

A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: Minnie Corporation Mickey Corporation Total earnings $2,025,000 $4,050,000 Number of shares of stock outstanding 270,000 1,080,000 Earnings per share $7.50 $4 Price-earnings ratio (P/E) 10X 20X Market price per share $75 $75 a. Assume a 100 percent premium will be paid and there is a 32 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 merge

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