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As an analyst, you need to calculate the combined earnings of a proposed merger between the Chocolatte and Bute Peanutt firms. Assume the merger is

As an analyst, you need to calculate the combined earnings of a proposed merger between the Chocolatte and Bute Peanutt firms. Assume the merger is financed by debt of $20 million at 5%. The tax rate is 20%.

Chocolatte NI45

Bute Peanutt NI20

All numbers are in millions. Answer to one decimal place ##.#

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