Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y $ Total earnings $15,000 40,000 Shares outstanding 20,000 20,000 Per-share values: Market Book $ 49 $120 $ 18 $7 Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $4 per share. Assuming that neither firm has any debt before or after the merger, what are the total assets of Firm X after the merger? Total asset of the combined company Total assets XY=Total equity XY = $840,000 Total assets XY Total equity XY = $760,000 Total assets XY Total equity XY = $1,200,000 Total assets XY=Total equity XY = $814,800 Total assets XY Total equity XY = $882,000