B Ltd wants to acquire A ltd via an exchange of shares. After the entities merge, the group is expected to generate an additional R50 000 in new business development. The PE ratio of either company's is expected to remain the same after the merger. A Ltd BLtd Earnings Number of shares Share price 100 000 25 000 10 400 000 35 000 15 What is the exchange ratio that B Ltd should be willing to offer in the acquisition? (5 marks) ROUND OFF TO 2 decimal places