Your company has earnings per share of $8. It has 1 million shares outstanding, each of which has a price of $40. You are thinking of buying TargetCo, which has earnings per share of $4, 1 million shares outstanding, and a price per share of $35. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. Complete parts a through d below. GLIEND 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.)