EPS and postmerger price Data for Henry Company and Mayer Services are given in the following table. Henry Company is considering merging with Mayer by swap-ping 1.25 shares of its stock for each...

EPS and postmerger price Data for Henry Company and Mayer Services are given in the following table. Henry Company is considering merging with Mayer by swap-ping 1.25 shares of its stock for each share of Mayer stock.

Henry Company expects its stock to sell at the same price/earnings (P/E) multiple after the merger as before merging.

Item                                                                Henry company            Mayer Services

Earnings available for common stock                      $225,000        $50,000

Number of shares of common stock outstanding    $90,000         $15,000

Market price per share                                                  $45                     $50

d. Calculate the postmerger earnings per share (EPS) for Henry Company?