Your company has earnings per share of $$4.$ It has $1$ million shares outstanding, each of which has a price of $$60.$ You are

thinking of buying TargetCo, which has earnings per share of $$2,1$ million shares outstanding, and a price per share of

$$45.$ You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. Complete

parts a through d below.

a$.$ If you pay no premium to buy TargetCo, what will your earnings per share be after the merger?

Your new earnings per share will be $

$($Round to the nearest cent.$)$