Bidder and Target each have 100 shares outstanding. Bidders stock price is $30 and Targets stock price is $20, prior to the announcement of Bidders offer for Target, whereby Bidder offers $30 worth of Newco stock for each share of Target. The market price of Target right after the announcement is $27, and the market price of Bidder is $27. What is implied price of Newco at the time this merger is executed?

In the above question, what is the implied present value of the synergies if this merger is executed?