Coke Ltd is considering purchase of Pepsi Ltd$.$ Coke Ltd has $3$ lac shares outstanding with market price of Rs$.30$ per share whereas Pepsi Ltd has $2$ lacs shares outstanding each selling at Rs$.20$ per share. EPS are Rs$.4$ and Rs$.2\mathrm{.}25$ per share $($Coke Ltd and Pepsi Ltd respectively$).$ Managements of both companies are discussing two proposals for exchanging shares as $($i$)$ in proportion to relative EPS for these companies $($ii$)0\mathrm{.}5$ Coke Ltd : $1$ Pepsi Ltd $(0\mathrm{.}5$:$1).$ You are required to compute:

$($a$)$ EPS, post$-$merger, both alternative

$($b$)$ Share impact on EPS for shareholders of two companies under both alternatives