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Ferns and Plants are all-equity firms. Ferns' has 2,500 shares outstanding at a market price of $28 a share. Plants has 2,500 shares outstanding at

Ferns and Plants are all-equity firms. Ferns' has 2,500 shares outstanding at a market price of $28 a share. Plants has 2,500 shares outstanding at a price of $41 a share. Plants is acquiring Ferns for $72,000 in cash. The synergy of the acquisition is $3,500. What is the value of Ferns to Plants?

a. $66,500

b. $36,000

c. $73,500

d.$79,500

e. $70,000

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