Apexbooks has 4 billion shares with a price of $25 per share. Meanwhile, Ironbooks has 3 billion shares with a price of $30 per share. Apexbooks plans to issue new shares to acquire Ironbooks, with an exchange ratio of 1.68. If this transaction is a zero-NPV project for Apexbooks, the synergies for each share of the target from this transaction will be closest to:

a.

$12.

b.

$14.

c.

$10.

d.

$16.