You are given the following facts: World Enterprises (A) Wheelrim& Axle (B) Merged Company (AB) EPS $2.4 $3 3.20 Price per share $48 $36 12 ? ? P/E 20 number of shares 120,000 240,000 Total Earnings $288,000 $720,000 Total market value $5,760,000 $8,640,000 There are no gains from this merger. In exchange for Wheelrim and Axle shares, World Enterprises issues just enough of its own shares to ensure the $3.20 earnings per share objective. a) Complete the above table for the new merged firm. (15 points) b) How many shares of World Enterprises are exchanged for each share of Wheelrim and Axle? (3 points)