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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Noble Corporation Barnes Enterprises Total earnings $ 1 , 6 3 8 ,

Assume the following financial data for the Noble Corporation and Barnes Enterprises:
Noble
Corporation Barnes
Enterprises
Total earnings $ 1,638,000 $ 5,220,000
Number of shares of stock outstanding 630,0002,610,000
Earnings per share $ 2.60 $ 2.00
Price-earnings ratio (P/E)2026
Market price per share $ 52 $ 52
If all the shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will postmerger earnings per share be for Barnes Enterprises?

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