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ESCO Corporation has market value of $3,120 while Hyster Company has a market value of $4,120. Hyster is merging with ESCO and expects the combined

ESCO Corporation has market value of $3,120 while Hyster Company has a market value of $4,120. Hyster is merging with ESCO and expects the combined firm to have a market value of $8,181.20. If the current ESCO shareholders obtain $3,463.20 of equity in the new firm, how much synergy was allocated to the Hyster shareholders? $343.20 $598.00 $787.00 $412.20 $0

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