I NEED CORRECT ANSWERS IN 25 MINUTES:

As an analyst, you need to calculate the maximum number of acquirer shares that can be offered for each target share without diluting the forecasted acquirer's EPS. The tax rate is 20%. No debt is issued for this merger.

Acquirer NI60

Acquirer shrs5

Target NI91

Target shrs7

All numbers are in millions. Note you will have to compute EPS before answering this question.

Answer to one decimal place, ##.#

As an analyst, you need to calculate the combined earnings of a proposed merger between the Chocolatte and Bute Peanutt firms. Assume the merger is financed by debt of $20 million at 5%. The tax rate is 20%.

Chocolatte NI59

Bute Peanutt NI40

All numbers are in millions. Answer to one decimal place ##.#