The financial variables of the acquiring company, A and the target company, B are given hereunder. The primary reason behind the acquisition is to raise EPS of the merged firm at least to Rs 16. Find...

The financial variables of the acquiring company, A and the target company, B are given hereunder.

The primary reason behind the acquisition is to raise EPS of the merged firm at least to Rs 16. Find (a) How many shares will be exchanged for one share in the target firm? (b) What will be P/E ratio of the merged firm?