Acquiring Company is considering the acquisition of Target Company in which Target Company would receive 548.00 for each share of its common stock Acquiring Co. Target Co. Earnings available for $700,000 $300,000 common stock Number of shares of 500,000 200,000 common stock outstanding Market price per share $30.00 $27.00 If the transaction is using 100% of Acquring Co.'s stock, the exchange ratio is 16 The number of new shares issued by Acquiring Company is 320000 The post-merger Eps of the combined company is If 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