Company A acquires Company B using a cash bid. Pre-acquisition value of Company A is 10 million and pre-acquisition value of Company B is 5 million. Both companies have a cost of capital of 10%. The number of issued shares in A is 250,000 and there are 100,000 issued shares in B. The following benefits are expected from the merger: - Disposal of surplus premises immediately for proceeds of 300,000 - Decrease in head office costs, starting in one year. There will be a permanent annual saving of 80,000 arising from this. Which of the following will be the post-acquisition value per share of the combined group? 61.52 46.00 44.40 64.40