"Astor Co is planning to acquire Baker Co$.$ Astor Co currently has post tax earnings of $$23\mathrm{.}5$ million and a P$/$E ratio of $9.$ Baker Co currently has post tax earnings of $$9\mathrm{.}5$ million and a P$/$E ratio of $7.$ What is the value of the synergy that will be generated by the combination of Astor Co and Baker Co$,$ assuming that the market uses bootstrapping to calculate the value of the combined entity?"

$$19\mathrm{.}0$ million

$$66\mathrm{.}5$ million

$$5$ million

$$278\mathrm{.}0$ million