Freaden Metal has earnings per share of $2. It has 10 million shares outstanding and is trading at $20 per share. Freaden Metal is thinking of acquiring Plue Steel, which has earnings per share of $1.25, 4 million shares outstanding, and a price per share of $15. Freaden Metal will pay for Plue Steel by issuing new shares. There are no expected synergies from the transaction. A. Assume that Freaden pays no premium to buy Plue Steel. Calculate Freaden's earnings per share after the merger. (10 points) B. Calculate Freaden's price-earnings ratio after the takeover