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Hilo Handmade has 7,500 shares of stock outstanding at a market price per share of $13. ArtCorp. has 22,000 shares outstanding that sell for $26

Hilo Handmade has 7,500 shares of stock outstanding at a market price per share of $13. ArtCorp. has 22,000 shares outstanding that sell for $26 a share. By merging, $12,600 of synergy can be created. What would be the postmerger value of the combined firm if ArtCorp. pays $100,000 to acquire Hilo?

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