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Q7 UC Manufacturing has earnings per share (EPS) of $3.00, 5 million shares outstanding, and a share price of $32. UC is considering buying ANU

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UC Manufacturing has earnings per share (EPS) of $3.00, 5 million shares outstanding, and a share price of $32. UC is considering buying ANU Industries, which has earnings per share of $2.50, 2 million shares outstanding, and a share price of $20. UC will pay for ANU by issuing new shares. There are no expected synergies from the transaction. If UC pays no premium to acquire ANU, what will the earnings per share be after the merger

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