Your company has earnings per share of $4. It has 1 million shares outstanding, each of which has a price of $35. You are thinking of buying TargetCo, which has earnings of $3 per share, 1 million shares outstanding, and a price per share of $30.You will pay for TargetCo by issuing new shares. There are no expected synerges from the transaction. Suppose you offered an exchange rato such that at current pre announcement share prices or bot nrms the offer resents a 22% promum to buy Target o However, the actual premium at your company pay for Target o when it completes the transaction will not be 22%, because on the announcement the ta et prce wI up and you r prce will do to reed the lad hat you are wiling to pay a premium for Target o without any syner es. Assume hat he takeover win occur wit certanty and all markot partic ts oo hion n mo nee me t of he aoor gnore tme value of money) a. What is the price per share of the combined corporation immediately after the merger is completed? a. What is the price per share of the combined corporation immediately after the merger is completed? The price per share of the combined corporation immediately ater the merger is completed will be s (Round to the nearest cent) b. What is the price of your company immedialely after the announcement? The price of your company immediately after the announcement is 1 per share (Round to the nearest cent )