Delta Limited plans to acquire Gamma Limited. Delta Limited plans to propose a cash offer by paying the market price of Gamma' shares as well as paying 30% of synergy created in the market value of assets. This deal expects to generate synergy of additional $50,000 of market value of assets and $30,000 of net income. Assume there is no transaction cost, financial and operating risk remain constant. Share price is $5 and $2 of Delta Limited and Gamma Limited respectively. Shares outstanding are 20,000 and 6,000 of Delta Limited and Gamma Limited respectively. Market value of assets are $250,000 and $50,000 of Delta Limited and Gamma Limited respectively. Net Income is $200,000 and $60,000 of Delta Limited and Gamma Limited respectively. 2. Calculated market value of debt of Delta Limited after acquisition. $38,000.00 $150,000.00 $94,000.00 $188,000.00