4. Consider the following premerger information about the bidding firm (Firm B) and a target firm (T). Assume that both firms have no debt outstanding.

Firm B Firm T

Shares Outstanding 6,000 1,200

Price Per Share $47 $17

Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9500.

1. If Firm T is willing to be acquired for $19 a share in cash, what is the NPV of the merger( Do not round intermediate calculations and round your answer to the nearest whole number)
2. What will the price per share of the merged firm be assuming the conditions in (a)? (Do not round intermediate calculations and round your answer to 2 decimal places)
3. If Firm T is willing to be acquired for $19 per share in cash, what is the merger premium? (Do not round intermediate calculations and round your answer to the nearest whole number)
4. SupposeFirm T is agreeable to a merger by an exchange of stock. If B offers one its shares for every 2 of T's shares, what will the price per share of the merged firm be (Do not round intermediate calculations and round your answer 2 decimal places)
5. What is the NPV of the merger assuming the conditions in (d)? (Do not round intermediate calculations and round your answer 2 decimal places)