Expected EPS-Merger decision Graham & Sons wishes to evaluate a proposed merger into the RCN Group. Graham had 2019 earnings of $150,000, has 100,000 shares of common stock outstanding, and expects earnings to grow at an annual rate of 8%. RCN had 2019 earnings of $700,000, has 200,000 shares of common stock outstanding, and expects its earnings to grow at 4% per year. a. Calculate the expected earnings per share (EPS) for Graham & Sons for each of the next 5 years (2020-2024) without the merger. b. What would Graham's stockholders earn in each of the next 5 years (2020-2024) on each of their Graham shares swapped for RCN shares at a ratio of 0.5 share of RCN for 1 share of Graham? a. The expected EPS for Graham & Sons for year 2020 without the merger is $ (Round to the nearest cent.)