CECO and ESOL are all-equity firms. CECO has 62,000 shares outstanding at a market price of $54.70 a share while ESOL has 46,000 shares outstanding at a price of $47 a share. CECO is acquiring ESOL for $2,421,440 in cash. The incremental value of the acquisition is $367,540. What is the net present value of acquiring ESOL to CECO? $96,700 $100,500 $112,300 $104,600 $108,100