Apex Corporation is considering the purchase of Pinnacle Company in a stock-for-stock exchange. Selected data on the two companies are shown in the following table:

	Apex				Pinnacle
Sales (millions)	$	1,310			$	705
Earnings after taxes (millions)	$	180			$	100
Common shares outstanding (millions)		60				50
Share price		66				32
Earnings per share	$	3.00			$	2.00
Dividends per share	$	1.50			$	0.80
P/E ratio		22				16
Dividend payout ratio		50	%			40	%

Assume that there are immediate synergistic benefits of $7 million if Apex and Pinnacle merge. Determine EPS for the combined company if Apex offers a (Round your answers to three decimal places):

30 percent premium for Pinnacle

$

40 percent premium for Pinnacle

$

50 percent premium for Pinnacle

$