Firm B is the bidding firm and Firm T is the target firm. Their financial data is as follows: (a) Calculate the weighted average P/E for the combined firm BETA. (b) Calculate the maximum number of shares firm B will be willing to offer to the stockholders of firm T at the P/E calculated in part a) above What will be the minimum number of shares acceptable to the stockholders of firm Tat the same P/E level? (c) If EPS was the criterion to determine the exchange ratio, how many shares firm B would offer to the stockholders of firm T? In case, Market price per share was used as a basis to determine the exchange ratio, how would your result change? Which one do you think would be a better criterion for exchange rate determination? Why? Post your answers to the discussion form for peer and tutor help and feedback