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Firm B is being acquired by Firm A for $34 million worth of Firm A stock. The incremental value of the acquisition is $8.4 million

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Firm B is being acquired by Firm A for $34 million worth of Firm A stock. The incremental value of the acquisition is $8.4 million Pre-announcement. Firm Bhad 1.9 million shares of stock outstanding at $16 a share and Firm Ahad 1.2 million shares of stock outstanding at $38 a share. What is the net present value of the merger to shareholders of Firm Around your answer to the nearest doftar)

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