Your company has earnings per share of $4.11. It has 1.7 million shares outstanding, each of which has a price of $41. You are thinking of buying TargetCo, which has eamings per share of $1.03, 1.6 million shares outstanding, and a price per share of $27 You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction a. If you pay no premium to buy TargetCo, what will your eamings per share be after the merger? b. Suppose you offer an exchange ratio such that, at current pre-announcement s are prices or both firms the offer represents a 20% premium to buy Target o what will your earnings per share be after the merger? c. What explains the change in earnings per share in part (a)? Are your shareholders any better or worse off? d. What wil your price-eamings ratio be after the merger (if you pay no premium)? How does this compare to your PVE ratio before the merger? How does this compare to TargotCo's promorgor P/E ratio