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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

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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. What is the maximum offer price The Fox Hunt should pay for Cavalier Enterprises? \begin{tabular}{|} $65,200 \\ $59,600 \\ $2,800 \\ $62,400 \\ $105,600 \end{tabular}

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