MARTA, Inc. is planning to acquire its rival LTR Corp in a stock swap deal. Suppose that MARTA's stock is trading for $60 per share whereas LTR's stock price is currently $90 per share. The projected synergies from the acquisition is $40 million. Assume that MARTA has 1 million shares outstanding and LTR has 3 million shares outstanding. The maximum exchange ratio that MARTA could offer to LTR and still have a non-negative NPV is: Question 4 options: 0.452