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Joseph Inc. has a Total Debt of $50,000 and Total Equity of $80,000 before the M&A. Joseph Inc. intends to buy Fast Inc. for $40,000

Joseph Inc. has a Total Debt of $50,000 and Total Equity of $80,000 before the
M&A. Joseph Inc. intends to buy Fast Inc. for $40,000 with all of its assets at market
prices. It will pay for it all in Equity only and, it will not take any Total Debt of Fast
Inc. Fast Inc. has a Total Debt of $30,000 and Equity of $20,000. Find the Total Value
of the Merged Company (Joseph Inc. /Fast Inc.).
$170.000
$130.000
$200.000
$140.000

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