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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Total earnings Number...

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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share Noble Corporation $2,926,000 770,000 $ 3.80 20 $ 76 Barnes Enterprises $7,380, eee 3,650, eee $ 2.ee 38 $ 76 If all the shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will postmerger earnings per share be for Barnes Enterprises? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Postmerger earnings per share

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