a. Harrods has a market value of $110 million and 5 million shares outstanding. Selfridge has a market value of $34 million and 2 million shares outstanding. Harrods is contemplating acquiring Selfridge. Harrods' CFO has concluded that the combined firm with synergy will be worth $157 million and Selfridge can be acquired at a premium of $4 million. If Harrods offers 1.2 million shares of stock in exchange for the 2 million shares of Selfridge, what will Harrods price be after the acquisition? b. What is the NPV of the stock acquisition? What exchange ratio between the two stocks would make the value of a stock offer equivalent to a cash offer of $38 million (value of Selfridge plus $4 million premium)? c