Firm X is going to acquire Firm Y. The acquisition will be done via a share exchange, whereby Firm X will exchange two of its shares for every one of Firm Y's shares. Synergy is $1,500,000 in total. Shares Outstanding Price per Share Earnings Firm X (Bidder) Firm Y (Target) 1,500,000 150,000 $50 $80 2,400,000 1,950,000 43. What is the takeover premium in dollars? (Tip: round the share price of the combined firm to two decimal places in calculating your answer.) A) $5,700,000 B) $1,500,000 C) $2,751,000 D) $2,500,000 E) $3,000,000 44. For the NPV of the transaction to be zero for Firm X, how many shares would Firm X have to give to Firm Y? A) 242,170 B) 274,576 C) 240,000 D) 270,000 E) There is not enough information