World Enterprises is determined to report earnings per share of $2.67. It therefore acquires the Wheelrim and Axle Company. You are given the following facts:

There are no gains from merging. In exchange for Wheelrim and Axle shares, World Enterprises issues just enough of its own shares to ensure its $2.67 earnings per share objective

a.Complete the below table for the merged firm. (Do not round intermediate calculations. Round the price per share to 2 decimal places, the price-earnings ratio to 1 decimal place, and the other answers to the nearest whole number.)

b.How many shares of World Enterprises are exchanged for each share of Wheelrim and Axle? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

c.What is the cost of the merger to World Enterprises? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest whole number.)

d.What is the change in the total market value of the World Enterprises shares that were outstanding before the merger? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)

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World Enterprises is determined to report earnings per share of $2.67. It therefore acquires the Wheelrim and Axle Company. You are given the following facts: There are no gains from merging. In exchange for Wheelrim and Axle shares, World Enterprises issues just enough of its own shares to ensure its $2.67 earnings per share objective a. Complete the below table for the merged firm. (Do not round intermediate calculations. Round the price per share to 2 decimal places, the price-earnings ratio to 1 decimal place, and the other answers to the nearest whole number.) b. How many shares of World Enterprises are exchanged for each share of Wheelrim and Axle? (Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the cost of the merger to World Enterprises? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest whole number.) What is the change in the total market value of the World Enterprises shares that were outstanding before the merger? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) c. d