Kefuta Limited is considering a merger with Sky Limited. Kefuta Limited expects the merger to result in cost savings amounting to N\$ 3850000 per annum. Kefuta Limited's current EPS is N\$8.45 and its current dividend per share is N\$ 4.95. The growth rate in EPS and dividend per share over the last 10 years has been 10% per annum. Sky Limited's current EPS is N\$ 3.85 and its current dividend per share amounts to N\$2.75. Sky Limited has experienced a growth rate in EPS and dividend per share over the last six years of 5% per annum. This is expected to continue in the future. The current market price for Kefuta Limited is N\$ 83.25 per share and that of Sky Limited is N\$ 25.35 per share. Kefuta Limited has 8.5 million shares in issue while Sky Limited has 2.5 million shares