Orion plc is determined to report earnings per share of 267p. It therefore acquires Mintaka plc. There are no gains associated with the acquisition. In exchange for Mintakas shares, Orion issues just enough of its own shares to ensure its 267p earnings per share objective. Please find the following information: OrionMintaka Earnings per Share2.00 2.50 Price per Share 40 25 Price-Earnings Ratio20 10 Number of Shares100,000200,000 Earnings 200,000500,000 Market Value 4,000,0005,000,000 Required: a)How many shares in the combined firm have to be offered for each share in Mintaka? (5 marks) b)Derive the earnings per share, price per share, price-earnings ratio, earnings, and market value associated with the combined firm. (5 marks) c)What is the cost of the acquisition to Orion? (5 marks) d)What is the change in the market value of Orions shares that were outstanding before the acquisition?