Problem 21-4 The Bootstrap Game (L01) World Enterprises is determined to report earnings per share of $2.67. It therefore acquires the Wheelrim and Axle Company. There are no gains from merging. In exchange for Wheelrim and Axle shares, World Enterprises issues just enough of its own shares to ensure its $2.67 earnings per share objective. a. Complete the table below for the merged firm. b. How many shares of World Enterprises are exchanged for each share of Wheelrim and Axle? c. What is the cost of the merger to World Enterprises? d. What is the change in the total value of the World Enterprises shares that were outstanding before the merger? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What is the change in the total value of the World Enterprises shares that were outstanding before the merger? (Do not round intermediate calculations. Round your answer to the nearest whole dollar. Enter your answer as a positive value.) The market value of the original World shareholders' shares decreased by $ 567,365 Problem 21-4 The Bootstrap Game (L01) World Enterprises is determined to report earnings per share of $2.67. It therefore acquires the Wheelrim and Axle Company. There are no gains from merging. In exchange for Wheelrim and Axle shares, World Enterprises issues just enough of its own shares to ensure its $2.67 earnings per share objective. a. Complete the table below for the merged firm. b. How many shares of World Enterprises are exchanged for each share of Wheelrim and Axle? c. What is the cost of the merger to World Enterprises? d. What is the change in the total value of the World Enterprises shares that were outstanding before the merger? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What is the change in the total value of the World Enterprises shares that were outstanding before the merger? (Do not round intermediate calculations. Round your answer to the nearest whole dollar. Enter your answer as a positive value.) The market value of the original World shareholders' shares decreased by $ 567,365