Lenix is planning on merging with Kelly Company. Lenix currently has 80,000 shares of stock outstanding at a market price of $31.50 a share. Kelly Company has 52,000 shares outstanding at a price of $26.00 a share. The merger will create $440,000 of synergy. How many of its shares should Lenix offer in exchange for all of Kelly Company share if it wants its acquisition cost to be $1,450,000?

40,117

40,316

40,425

40,531

40,682