HungryLion wants to acquire Errant Deer for $187,500.00 in the form of either cash or stock. The synergy value of the deal is $45,000.00. Hungry Lion has 30,000 shares outstanding at a price of $48.00 a share. Errant Deer has 22,500 shares outstanding at a price of $6.63 a share. What is the merger premium over ErrantDeer's stock price? a) 22.58% b) 33.39% c) 19.65% d) 25.69% e) 28.18%