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Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $19,000 worth of Lawson Products stock. Lawson has 1,100 shares of stock

Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $19,000 worth of Lawson Products stock. Lawson has 1,100 shares of stock outstanding at a price of $13 a share. Aardvark has 2,000 shares outstanding with a market value of $16 a share. The incremental value of the acquisition is $3,600. What is the value of Lawson Products after the merger?

$36,926

$43,912

$45,908

$39,920

$49,900

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