As an analyst, you need to calculate the maximum number of acquirer shares that can be offered for each target share without diluting the forecasted acquirer's EPS. The tax rate is 20%. No debt is issued for this merger.

	Acquirer	Target
NI (millions)	103	72
Out Shrs	19	17

All numbers are in millions. Note you will have to compute EPS before answering this question.

Answer to one decimal place, ##.#