The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm is given here

: Flannery Stultz Price-earnings ratio 13.8 22 Shares outstanding 90,000 220,000 Earnings $ 200,000 $ 920,000 Flannerys 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., 32.161.)

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.)

b. What must Stultz feel is the value of the synergy between these two firms? (Do not round intermediate calculations.)