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Firm A is analyzing the possible acquisition of Firm T. Firm A currently has 5,450 shares outstanding at a market price of $56.90 per share.

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Firm A is analyzing the possible acquisition of Firm T. Firm A currently has 5,450 shares outstanding at a market price of $56.90 per share. Firm T has 3,791 shares outstanding at a market price of $46.28 per share. If Firm A has estimated that the present value of the synergistic benefits arising from the acquisition of Firm T is $8,215, what would be the NPV of the merger if Firm A offered 3 of its shares in exchange for 10.0 of Firm T's shares? $95,953 $98,413 $100,874 $103,334 $105,794

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