Please Help step by step

5. The shareholders of Bread Company have voted in favor of a buyout offer from Butter Corporation. Information about each firm is given here:

	Bread	Butter
Price-earnings ratio	10	23
Shares outstanding	75,000	260,000
Earnings	$230,000	$1,040,000

Breads shareholders will receive one share of Butter stock for every three shares they hold in Bread.

a. What will the EPS of Butter be after the merger?

b. What will the PE ratio be if the NPV of the acquisition is zero?

c. What must Butter feel is the value of the synergy between these two firms?