ABC Corporation has announced plans to acquire XYZ Corporation. ABC is trading for $44 per share, and XYZ is trading for $12 per share, implying a pre-merger value of XYZ of approximately $12.3 million. If the projected synergies are $1.22 million, what is the maximum exchange ratio ABC could offer in a stock swap and still generate a positive NPV? C OA. 0.45 OB. 0.05 OC. 4.02 O D. none of the other choices is correct Suppose instead that ABC has determined the maximum exchange ratio to be 0.7. With this exchange ratio, what is the implied amount of synergies expected to be generated from the acquisition? O A. $7 million OB. $14 million O C. none of the other choice is correct O D. $31 million