On 31 March 2019, Blue Ltd purchases 100% of Violet Ltd in exchange for $7,500,000 cash consideration and 21,000,000 ordinary voting shares of Blue Ltd. The cost value of one Blue Ltd share was $4 but the fair value on March 31 is $3. The exchange resulted in Blue Ltd acquiring 20,000,000 of Violet Ltds ordinary voting shares. The cost value of one Violet Ltd share was $2 but the fair value on March 31 is $3. The incidental legal and accounting fees directly attributable to the acquisition are $300,000. What is the cost of the business combination? a. $67,800,000 b. $47,800,000 c. $67,500,000 d. $70,500,000 e. $91,500,000