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Conslder the followlng premerger Informatlon about blddlng firm (Flrm B) and a target firm (Arm T). Assume that both firms have no debt outstandlng. Shares outstandin s, geg 1, geg as s 16 Flrm 3 has estlmated that the value of the synerglstlc benefits from acqulrlng Flrm T Is $9,400 Flrm T can be acqulred for $18 per share In cash or by exchange of stock whereln 3 offers one of Its shares for every two of Ts shares. Are the shareholders of Flrm T better off the cash offer or the stock offer? Share offer Is better O Cash offer Is better At whet exchange rollo of 3 shares to T shares would the shareholders In T be Indlfferent between the two offers? (Do not round Intermedlete calculatlons and round your answer to 4 declmel places, e.g., 32.1616.) Exchange ratlo