Blenheim PLC has a market value of S139 million and 5 million shares outstanding Howard Department Store has a market value of $30 million and 2 million shares outstanding. Blenheim is contemplating acquiring Howard Blenhelm's CFO concludes that the combined firm with synergy will be worth $195 million and Howard can be acquired at a premium of $10 million a. If Blenheim offers 1.2 million shares of its stock in exchange for the 2 milion shares of Howard, what will the stock price of Blenheim be after the acquisition? (Round the final answer to 2 decimal places. Omit S sign in your response.) New stock price per share $ b. What exchange ratio between the two stocks would make the value of a stock offer equivalent to a cash offer of 540 million (D. not round intermediate calculations, Round the final answer to 4 decimal places.) Exchange ratio