Two logging companies, Timber West and Woodsmen East both have earnings of $10 per share and 5 million shares outstanding. Timber West has a stock price of $40 per share while Woodsmen’s is $25 per share. If Timber West acquires Woodsmen East using its own stock and the takeover adds no value, what is the change in Timber West's earnings per share as a result of the acquisition?

		$10.00
		-$3.85
		$2.31
		$0