Question: ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R844.43m,

ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R844.43m, with 129.81m shares outstanding and a P/E ratio of 14. XYZ has earnings of R338.58m, with 68.5m shares outstanding and a P/E ratio of 8. What is the premerger earnings per share? Give your answer to 2 decimal places

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