Big Ltd. is considering to acquire Mini Ltd. Big Ltd. has 200 million shares of stock outstanding at a price of RM 8.20 per share. Mini Ltd. has 60 million shares outstanding with a price of RM 5.50 per share. Assume both firms do not have debt outstanding. It is estimated that the synergistic benefits of the acquisition are RM 75 million

What is the net present value of the merger for Big Ltd. if Mini Ltd. agrees with the cash offer of RM 6.80 per share?) (If Big Ltd. offers 2 of its shares for every 3 shares of Mini Ltd., what will the theoretical price per share of the merger firm be? Should the Minis shareholders support such an exchange based on this theoretical price?)