Brutus Company has earnings per share (EPS) of $2.00, 5 mill…

Brutus Company has earnings per share (EPS) of $2.00, 5 million shares outstanding, and a share price of $30.  Brutus is considering buying Buckeye Enterprises, which has earnings per share of $2.50, 2 million shares outstanding, and a share price of $20. Brutus will pay for Buckeye by issuing new shares. There are no expected synergies from the transaction. If Brutus pays no premium to acquire Buckeye, what will the earnings per share be after the merger?