Question 27 (1 point) Saved Your company has earnings per share of $8. It has 1.25 million shares outstanding, each of which has a price of $60. You are thinking of buying TargetCo, which has earnings per share of $2 with 1 million shares outstanding, and a price per share of $25. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. Suppose you offer an exchange ratio such that, at current preannouncement share prices for both firms, the offer represents a 30% premium to buy TargetCo. What will your company's earnings per share be after the merger? $4.35 $5.91 $6.70 $9.12 None of the above