Firm A is analyzing the possible acquisition of Firm T. Firm A currently has 3,770 shares outstanding at a market price of $45.38 per share. Firm T has 2,615 shares outstanding at a market price of $35.24 per share. If Firm A has estimated that the present value of the synergistic benefits arising from the acquisition of Firm T is $5,695, what would be the NPV of the merger if Firm A offered 3 of its shares in exchange for 4.0 of Firm T's shares?

Question 1 options:

	$5,383
	$5,528
	$5,673
	$5,819
	$5,964