Your company has earnings per share of $$3\mathrm{.}89.$ It has $1\mathrm{.}213$ million shares outstanding, each of which has a price of $$47\mathrm{.}00.$ You are thinking of buying TargetCo, which has earnings per share of $$1\mathrm{.}95,1\mathrm{.}966$ million shares outstanding, and a price per share of $$21\mathrm{.}00.$ You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. If companies in the same industry as TargetCo are trading at multiples of $12$ times earnings, what would be one estimate of an appropriate premium for TargetCo?

TargetCo has $$1\mathrm{.}95$ in earnings, so if other companies in its industry are trading at $12$ times earnings, then a starting point for a valuation of TargetCo in this transaction might be BLANK $($options$-23\mathrm{.}2,23\mathrm{.}5,23\mathrm{.}4)$

per share, implying a BLANK $($options$-11\mathrm{.}4\%,11\mathrm{.}9\%,10\mathrm{.}5\%)$ premium.