T Corporation is considering the acquisition of S Company with common stock. The following financial information is available regarding the two companies: T S Net income $8,000,000 $2,000,000 Common shares outstanding 4,000,000 1,600,000 Earnings per share $2.00 $1.25 Price/earnings ratio 12 8 T plans to offer S's shareholders a 20% premium over the market price of the S stock. What would be the earnings per share for the surviving company immediately following the merger? A. $1.714 B. $2.083 C. $1.667 D. $2.143