Life Studio Corp. (LSC) is considering acquiring Box Design Limited (BDL). LSCs management is under a lot of pressure to maintain the firms EPS level. So, they need to make sure that the acquisition will not reduce the EPS level. However, BDL insists that it must receive a 15% premium. LSC has $845 million in after-tax earnings and 200 million shares outstanding each priced at $85. BDL has $90 million in after-tax earnings and 50 million shares outstanding each priced at $35. LSC believes that the acquisition will yield $5 million in immediate synergistic earnings. a) Determine the offer price that BDL suggests. b) Determine EPS for the combined company under the price that BLD suggests. c) Determine the maximum price that LSC can offer at which it does not experience EPS dilution after the acquisition.