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Consider the following premerger information about firm X and firm Y Firm X Firm Y Total earnings. $98913 $56885 Shares outstanding $45260. $30640 per share

Consider the following premerger information about firm X and firm Y

Firm X Firm Y

Total earnings. $98913 $56885

Shares outstanding $45260. $30640

per share values:

Market $59 $16

Book $ 21 $ 9

Assume that Firm X acquires Firm Y by issuing long-term debt to purchase all the shares outstanding at a merger premium of $5 per share. Assuming that neither firm has any debt before the merger, what would be the total assets for the new company XY. NOTE: Enter the number rounding to four DECIMALS.

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