Fast company, whose stock is currently selling for RM12 per share, is interested in acquiring Slow company. To prepare for the acquisition, Fast has been repurchasing its own shares over the past 2 years. Slow's stock is currently selling for RM2 per share, but in the merger negotiations, Fast has found it necessary to offer Slow RM3 per share. Below is the financial information which relates to Fast and Slow: Required: (i) Calculate the earnings per share (EPS) before and after the merger. (ii) Explain the effect of price per earnings (P/E) ratios on EPS(3 marks) (iii) Describe the procedures for valuing the target company and investions (iii) Describe the procedures for valuing the target company and investigate how stock swap transactions affect earnings per share.