PNG Question 4 (1 point) The shareholders of a target firm have voted in favor of a buyout offer from an acquiring firm. Information about each firm is given in the following table. Item Target Fin Acquiring Fim Price-carnings ratio 12 15 Shares outstanding 120,000 190,000 Earnings $290,000 5740,000 The shareholders of the target firm will receive 1 share of stock in the merged firm for every 5 shares they hold in the target fim. There is no synergy for this merger. What will the EPS of merged firm be after the merger? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. NG Your