Cavalier Enterprises has agreed to be acquired by The Fox Hunt for some of The Fox Hunt stock. The Fox Hunt currently has 3,300 shares of stock outstanding at a price of $32 a share. Cavalier Enterprises has 2,400 shares outstanding at a price of $26 a share and no debt. The synergy of the acquisition is $2,800. Suppose The Fox Hunt agrees to pay $65,000 worth of their stock to acquire Cavalier Enterprises. What is the value per share of The Fox Hunt stock after the acquisition? (Assume The Fox Hunt can offer stock at its current price $32/ share.) \begin{tabular}{|l|} \hline$84.09 \\ \hline$19.81 \\ \hline$32.04 \\ \hline$32 \\ \hline$26 \\ \hline \end{tabular} Cavalier Enterprises has agreed to be acquired by The Fox Hunt for some of The Fox Hunt stock. The Fox Hunt currently has 3,300 shares of stock outstanding at a price of $32 a share. Cavalier Enterprises has 2,400 shares outstanding at a price of $26 a share and no debt. The synergy of the acquisition is $2,800. Suppose The Fox Hunt agrees to pay $65,000 worth of their stock to acquire Cavalier Enterprises. What is the merger premium per share? $26 $27.08 $6 $1.08 $32