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Ratio of exchange and EPS Marla's Cafe is attempting to acquire the Victory Club. Certain financial data on these corporations are summarized in the following

Ratio of exchange and EPSMarla's Cafe is attempting to acquire the Victory Club. Certain financial data on these corporations are summarized in the following table. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

Item

Marla's Cafe

Victory Club

Earnings available for common stock

$40 comma 00040,000

$5 comma 5005,500

Number of shares of common stock outstanding

20 comma 00020,000

7 comma 0007,000

Market price per share

$1717

$3333

Marla's Cafe has sufficient authorized but unissued shares to carry out the proposed merger. If the ratio of exchange is

22,

what will be the earnings per share (EPS) based on the original shares of each firm?

The EPS for Marla's original shareholders after the merger is

$nothing.

(Round to three decimal places.)

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