VIl Company C has 500,000 shares of stock outstanding and net income of $1 million. The market price of its stock is $60 a share. Company C is currenity embarked on acquiring company D through a tender offer of one-third share of its stock for each share of company D's. The market price of company D stock is $15 a share. Company D has 600,000 shares of stock outstanding, and its net income is $600,000 a) After the merger, what will company C's earnings per share be, granted that the net income is simply the total of the net incomes of the two companies before the merger? nust anoma b) What rate of growth in earnings per share will this be? c) What will cause this eamings growth? d) ls it likely that company C can continue to show a high rate of growth in earnings per share for an extended period merely by acquiring other firms similar to company D?. Why or why not? o ow lon t dle