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

Chapter 26 for Credit value: 33.33 points The shareholders of Jolie Company have voted in favor of a buyout offer from Pitt Corporation. Information about each firm is given here: Jolie 13.2 Price-earnings ratio Shares outstanding 99,000 250,000 Earnings $220,000 $1,000,000 Jolie's shareholders will receive one share of Pitt stock for every three shares they hold in Jolie. a-1 What will the EPS of Pitt 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.) PE b. What must Pitt feel is the value of the synergy between these two firms? Synergy value