TargetCo by issuing new shares. There are no expected synergies from the transaction. a. If you pay no premium to buy TargetCo, what will be your earnings per share after the merger? c. What explains the change in earnings per share in part (a)? Are your shareholders any better or worse off? a. If you pay no premium to buy TargetCo, what will be your earnings per share after the merger? EPS after the merger is g (Round to the nearest cent.) If you pay a 20% premium to buy TargetCo, the EPS after the merger is $ (Round to the nearest cent.) c. What explains the change in earnings per share in part (a)? (Select the best choice below.) A. Earnings per share always decline if the firm issues new shares to pay for a merger. B. Earnings per share declines because TargetCo has a higher price-earnings ratio than your firm. C. Earnings per share declines because you are overpaying for TargetCo. Are your shareholders any better or worse off? (Select the best choice below.) A. In this case, your shareholders are better off. B. In this case, your shareholders are neither worse nor better off. C. In this case, your shareholders are worse off. If you pay no premium, the P/E ratio after the merger is (Round to two decimal places.) Your company's P/E ratio before the merger is (Round to two decimal places.) TargetCo's pre-merger P/E ratio is (Round to two decimal places.)