題組內容

5.Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding.
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Firm B Firm T Share outstanding 5,300 1.200 Price per share $44 $16 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9,300.

(5) What is the NPV of the merger assuming the condition in (4)? (3 分)