Harrods PLC has a market value of 95 million and 4.5 million shares outstanding. Selfridge Department Store has a market value of 32 million and 1.8 million shares outstanding. Harrods is contemplating acquiring Selfridge. Harrods's CFO concludes that the combined firm with synergy will be worth 145 million, and Selfridge can be acquired at a premium of 3.3 million. a. If Harrods offers 1.1 million shares of its stock in exchange for the 1.8 million shares of Selfridge, what will the stock price of Harrods be after the acquisition? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New stock price 2.58