If Raider Ltd, the acquirer, has 2 million shares with a market value of $4.00 each and Sucker Ltd, the target, has 1 million shares with a market value of $1.50 each, what is the net cost of takeover if Raider Ltd offers one of its own shares for every two shares of Sucker Ltd? [Hint: use the formula, Net cost = b VAT VT : Group of answer choices

a)$300,000

b)$500,000

c)$400,000

d)$350,000