ALK, Inc., is acquiring Cactus for $1.8 million in cash. Neither firm has any debt. ALK has 250,000 shares of stock outstanding at a price per share of $57. Cactus has 70,000 shares of stock outstanding at a price per share of $24. The synergy value of the acquisition is estimated at $310,000. What is the merger premium per share?

A. 1.71

B. 2.4

C. 25.71

D. 180,000

E. 33