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.

Calculated net income of Delta Limited after acquisition.

$-$ Option $1$: $130,000$

$-$ Option $2$: $60,000$

$-$ Option $3$: $200,000$

$-$ Option $4$: $290,000$