Bidder Inc. is taking over Target Inc. Bidder's price per share is $60. The number of shares outstanding of Bidder Inc. is 600,000. Bidder Inc. has net income of $810,000. Target Inc. has a price per share of $40 and it has 200,000 shares outstanding. Bidder Inc. will pay $60.50 for each share of Target Inc. Target Inc. net income is $250,000. The merger generates synergies of $8,400,000. What will be earnings per share after the transaction is completed? Your answer should be accurate to two decimal places. If you believe the answer is zero it should be recorded as 0.00. Answer: 1.77