Consider the following premerger information about a bidding firm $($Firm B$)$ and a target firm $($Firm T$).$ Assume that both firms have no debt outstanding.

Firm B Firm T

Shares outstanding $6,2002,100$

Price per share $ $49$ $ $20$

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $$9,700.$

a$.$ If Firm T is willing to be acquired for $$22$ per share in cash, what is the NPV of the merger? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

b$.$ What will the price per share of the merged firm be assuming the conditions in $($a$)?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ If Firm T is willing to be acquired for $$22$ per share in cash, what is the merger premium? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

d$.$ Suppose Firm T is agreeable to a merger by an exchange of stock. If B offers one of its shares for every two of T$\text{'}$s shares, what will the price per share of the merged firm be$?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

e$.$ What is the NPV of the merger assuming the conditions in $($d$)?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-$NPV$=?$

b$-$Share price

c$-$merger premium

d$-$price per share

e$-$NPV$=?$