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The Jeter Corporation is considering acquiring the A-RodCorporation. The data for the two companies are as follows:A-Rod Corp.Jeter Corp. Total earnings$715,000$4,500,000 Number of shares of stock outstanding325,0002,250,000 Earnings per share$2.20$2.00 Price-earnings ratio (P/E)2022 Market price per share$44$44a. The Jeter Corp. is going to give A-Rod Corp.a 50 percent premium over A-Rod’s current market value. What pricewill it pay? (Do not round intermediate calculations andround your answer to the nearest whole number.) b. At the price computed in part a,what is the total market value of A-Rod Corp.? (Use the number ofA-Rod Corp. shares times price.) (Do not round intermediatecalculations and round your answer to the nearest wholenumber.) c. At the price computed in part a,what is the P/E ratio Jeter Corp. is assigning A-Rod Corp?(Do not round intermediate calculations and round youranswer to 2 decimal places.) d. How many shares must Jeter Corp. issue tobuy the A-Rod Corp. at the total value computed in part b?(Do not round intermediate calculations and round youranswer to the nearest whole number.) e. Given the answer to part d, howmany shares will Jeter Corp. have after the merger? (Do notround intermediate calculations and round your answer to thenearest whole number.) f. What are the new postmerger earnings pershare? (Do not round intermediate calculations and roundyour answer to 2 decimal places.)