Clarkson is planning on merging with Dixon. Clarkson currently has 200,000 shares of stock outstanding at a market price of $49.80 a share. Dixon has 82,000 shares outstanding at a price of $34.80 a share. The merger will create $432,000 of synergy. How many of its shares should Clarkson offer in exchange for all of Dixon s share if it wants its acquisition cost to be $2,620,000? 51,206 49,315 48,447 50,121 47,854