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 Mickey Corporation Corporation $2,025,000 $4,050,000 270,000 1,080,000 $7.50 10X $75 $4 20X $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 merger b. Will the postmerger earnings go up or down? $1 Up Down