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 5,600 1,500 Price per share $ 54 $ 24 S Firm B has estimated that the value of the synergistic benefits from acquiring Firm Tis $8,000. Firm T can be acquired for $26 per share in cash or by exchange of stock wherein B offers one of its share for every two of T's share. a. Are the shareholders of Firm T better off with the cash offer or the stock offer? b. At what exchange ratio of B shares to T shares would the shareholders in Tbe indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) a. Shareholders of Firm T b. Exchange ratio Share offer is better I to 1