Denison Capital Limited $($DC$)$ is evaluating four possible targets, which have the following financial data: M N O P PV of incremental cash flows $($synergy$)$ $$3,000,000$ $$4,000,000$ $$3,500,000$ $$5,500,000$ Shares of common stock outstanding $100,000300,000200,000500,000$ Price per share $$100$ $$70$ $$80$ $$60$ Expected Earnings $$1,000,000$ $$2,400,000$ $$2,000,000$ $$3,000,000$ Denison presently has $2,000,000$ shares outstanding, its stock price is $$30,$ and its expected earnings are $$5,000,000$ without any merger. Assume that the target firms have no debt and each of the target firm can be acquired at a merger premium of $20\%$ a$.$ Calculate the NPV of the four proposed mergers. Are any of the mergers infeasible? b$.$ Assuming acquisition through stock. Determine the post merger EPS for the feasible merger candidates. c$.$ If only one merger can be undertaken, which one is it$?$ Why?