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Question Hoe Your company has earnings par share of $3.75. It has 1.5 milion shares outstanding, each of which has a price of $83. You are thinking of buying TargetCo, which has earrings per share of 51.25 1.6 milion shares outstanding, and a price per share of $29. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction a. If you pay no promium to buy TargetCo, what will your camins per share better the merger? b. Suppose you offer an exchange ratio such that, at current pre-announcement share prices for both time, the offer represents a 15% premium to buy TargetCo. What will your camino per fare be after the merger? c. What explains the change in earnings per share in part (a)? Are your shareholders any better or worse? d. What will your price-camins ratio be after the merger of you pay no premium)? How does this compare to your PE ratio before the merger? How does this compare to Targeto's premerger Prati If you pay no premium to buy Target, what will your earnings por share better the merger? The EPS after the merger is $(Round to the nearest cent) Enter your answer in the answer box and then click Check Answt. romaning Car All