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Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm. Assume that both firms

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Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm. Assume that both firms have no debt outstanding. The synergistic benefits from acquiring Firm B is $8,000 if Firm A acquires Firm B. Item Firm A Firm B Shares outstanding 2,200 1,200 Price per share $44 $22 What will the price per share of the merged firm be if Firm B is agrees to a merger by an exchange of stock where Firm A pays 1 of its shares for every 2 of Firm B's shares? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point

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