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 9.5 31 ratio Shares 84,000 310,000 outstanding $ $ Earnings 280,000 950,000 Bread's shareholders will receive one share of Butter stock for every three shares they hold in Bread. a-1. What will the EPS of Butter be after the merger? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) a-2. What will the PE ratio be if the NPV of the acquisition is zero? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What must Butter feel is the value of the synergy between these two firms? b. Answer is complete but not entirely correct. a-1. EPS a-2. PE b. Synergy value $ 6.576 14.47 0