The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz

Corporation. Information about each firm is given here:

Flannery's shareholders will receive one share of Stultz stock for every three shares they

hold in Flannery.

a$-1.$ What will the EPS of Stultz be after the merger? $($Do not round intermediate

calculations and round your answer to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

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$.,$

$32\mathrm{.}16.)$

b$.$ What must Stultz feel is the value of the synergy between these two firms? $($Do not

round intermediate calculations.$)$

Answer is complete but not entirely correct.