The Jeter Corporation is considering acquiring the A-Rod Corporation. The data for the two companies are as follows: Total earnings A-Rod Corp. Jeter Corp. $ 612,500 Number of shares of stock outstanding 245,000 $ 2.50 $ $2,900,000 1,450,000 2.00 Price-earnings ratio (P/E) Market price per share $ 16 40 201 $ 40 Earnings per share a. The Jeter Corp. is going to give A-Rod Corp. a 50 percent premium over A-Rod's current market value. What price will it pay? (Do not round intermediate calculations and round your answer to the nearest whole number.) Price b. At the price computed in part a, what is the total market value of A-Rod Corp.? (Use the number of A-Rod Corp. shares times price.) (Do not round intermediate calculations and round your answer to the nearest whole number.) Market value