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Firm X is planning on merging with Firm Y. Both firms are currently 100% equity-...

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Firm X is planning on merging with Firm Y. Both firms are currently 100% equity-financed. Firm X will pay Firm Y's stockholders the current value of their stock in shares of Firm X. Firm X currently has 3,900 shares outstanding at a market price of $40 a share. Firm Y currently has 2,200 shares outstanding at a price of $17 a share. If the after-merger total earnings are $7,800, what will be the earnings per share (EPS) after the merger?

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