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 6,200 1400 Price per share $ 48 $ 18 Firm has estimated that the value of the synergistic benefits from acquiring Firm T is $9,600 Firm T can be acquired for $20 per share in cash or by exchange of stock wherein Boffers one of its share for every two of T's shares Are the shareholders of Firm T better off with the cash offer or the stock offer? Share offer is better Cash offer is better At what exchange ratio of B shares to T shares would the shareholders in T be indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g. 1616.) Exchange ratio