Firm A is analyzing the possible acquisition of Firm T. Firm A currently has earnings of $823,340 and 241,180 shares outstanding. Firm T currently has earnings of $216,231 and 64,869 shares outstanding. If Firm A offers 1 of its shares for every 3.5 of Firm T's shares, what will be Firm A's earnings per share after the acquisition?

1) 3.80

2) 3.90

3) 4.00

4) 4.10

5) 4.20