Bega Cheese Ltd. has earnings per share of $8. It has 25 million shares outstanding and its stock is trading at $32 per share. Bega is thinking of buying Boral Ltd., which has earnings per share of $4.5, 9 million shares outstanding, and a price per share of $20. Bega will pay for Boral by issuing new shares. There are no expected synergies from the transaction. If Bega offers an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 50% premium to buy Boral, then Bega's earnings per share after the merger will be closest to: 0.58 1.12 2.82 07.19 None of the above Below you will find the components of working capital for Murrav, Inc.: Quarter 1 N 3 Cash $810 $920 $500 $300 Accounts Receivable $150 $350 $2,100 $1,500 Inventory $500 $200 $400 $650 Accounts Payable $600 $710 $1,800 $1,200 The permanent working capital need of Murravis: $210 $760 $970 $1,250 None of the above