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Low's has 17,500 shares of stock outstanding at a price per share of $37.40. Bert's has 25,000 shares outstanding at a price per share of

Low's has 17,500 shares of stock outstanding at a price per share of $37.40. Bert's has 25,000 shares outstanding at a price per share of $41.50. Bert's believes it can create $12,800 of synergy if it acquires Low's in an exchange of stock. What is the value of the combined firm following the merger? Assume both firms are all-equity financed. A.) $1,679,200 B.) $1,753,300 C.) $1,597,500 D.) 1,704,800 OR E.) 1,692,000

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