PC Ltd is planning to merge with NA Ltd. Under the merger one share in PC Ltd will be exchanged for every 2 shares in NA Ltd. The new firm will be called PCNA Ltd. As a result of the merger a reduction in costs in the amount of $75,000 is projected along with synergistic benefits of $35,000 resulting from the increased distribution network and market share. As a result of these improvements the P/E of the new firm is projected to be 30X. Required: Calculate the expected market value of the merged firm and advise PC Ltd. whether they should go ahead with the merger, giving the reason for your recommendation. Enter calculation and answers here