Question is in the attachement.

the acquistun 7 EPS, PE, and Mergers [LO3] 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 6.35 12.7 Shares outstanding 73,000 146,000 Earnings $230,000 $690,000 Bread's 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? What will the PE ratio be if the NPV of the acquisition is zero? b. What must Butter feel is the value of the synergy between these two firms? Ex- plain how your answer can be reconciled with the decision to go ahead with the takeover