The following data on a merger is given: 
Firm A has proposed to acquire Firm B at a price of $20 per share for Firm B's stock. Calculate the post merger P/E ratio assuming cash is used in the acquisition.
Definitions:
Privacy
The state or condition of being free from unauthorized intrusion or disclosure of personal information.
Telephone Lines
Wired connections that enable voice communication over distances, traditionally used for telephony services.
Households
Units of domestic or family living, consisting of one or more people who occupy a housing unit.
Tool
An instrument or device used to carry out a particular function or task.
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