Belden Industries is planning on merging with Mica Mfg. Belden Industries currently has 3,500 shares of stock outstanding at a market price of $25 a share. Mica Mfg has 400 shares outstanding at a price of $22 a share. The merger will create $500 of synergy. How many of its shares should Belden Industries offer in exchange for all Mica Mfg's shares if it wants its acquisition cost to be $9,000?

404

359

409

364

375

None