Answer:
The answer is "$4.311".
Explanation:
Calculating the EPS after the merger:
[tex]\text{Stultz Corp Post Merger Earnings} = 220,000 + 1,000,000 \\\\[/tex]
[tex]= \$1,220,000[/tex]
[tex]\to \text{Number of Shares Post Merger:} \\\\=\frac{99,000}{3} + 250,000\\\\ = 283,000\\\\\text{EPS Post Merger} =\frac{\text{Stultz Corp Post Merger Earnings}}{\text{Number of Shares Post Merger}} \\\\[/tex]
[tex]= \frac{1,220,000}{283,000} \\\\= \$4.311[/tex]
