-Alpha Has a Growth Rate in EPS of 12

$\begin{array} { r r } &\underline{\text { Alpha }} &\underline{ \text { Beta }} \\\text {Total earnings}& \$ 1,000,000 & \$ 600,000 \\ \text {Number of shares outstanding}&400,000 & 200,000 \\ \text {Earnings per share}&\$ 2.50 & \$ 3.00 \\ \text {Price/earnings}&12 \mathrm { X } & 10 \mathrm { X } \\\text { Market price/share } & \$ 30.00 & \$ 30.00 \end{array}$
-Alpha has a growth rate in EPS of 12%.Beta's growth rate in EPS is 9%.What is the post-merger growth rate assuming the facts as previously stated? (Assume no Synergy.)

A) 10.50%
B) 10.88%
C) 11.37%
D) 11.87%