Max Co. has 30,000 shares of stock outstanding at a price per share of $40.00. Norman Co. has 25,000 shares outstanding at a price per share of $41.50. Norman believes there will be $12,000 of synergy if it acquires Hable in an exchange of stock. What is the value of the combined firm following the merger? Assume both firms are all-equity financed. Multiple Choice $1,805,800 O $2,249,500 $2,753,300 $2,692,000