Acquiring Company is considering the acquisition of Target Company in which Target Company would receive $39.00 for each share of its common stock. Acquiring Co. Target Co. Earnings available for $500,000 $300,000 common stock Number of shares of 500,000 100,000 common stock outstanding Market price per share $30.00 $27.00 the transaction is using 100% of Acquiring Co.'s stock, the exchange ratio is he number of new shares issued by Acquiring Company is Che post-merger EPS of the combined company is of the transaction is using 100% cash, all the cash is borrowed at an annual rate of 7.5%, and the tax rate is 30%, the post-merger earnings of the combined company are