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 $$49$ $ $20$ Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $$9700.$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 has estimated that the value of the synergistic benefits from acquiring Firm $T$ is

$$9,700.$

If Firm T is willing to be acquired for $$22$ per share in cash, what is the NPV of the

a$.$ merger? $($Do not round intermediate calculations and round your answer to the

nearest whole number, e$.$g$.,32.)$

What will the price per share of the merged firm be assuming the conditions in

b$.($a$)?($Do not round intermediate calculations and round your answer to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

If Firm $T$ is willing to be acquired for $$22$ per share in cash, what is the merger

c$.$ premium? $($Do not round intermediate calculations and round your answer to the

nearest whole number, e$.$g$.,32.)$

Suppose Firm $T$ is agreeable to a merger by an exchange of stock. If $B$ offers one of

d$.$

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

e$.$ intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$