Pinder Ltd is secretly considering a merger with Value Co. Pinder Ltd's shares are currently trading at $15 and Value Co's shares are currently trading at \$4. Pinder Ltd has 5 million shares outstanding and Value Co has 3 million shares outstanding. Pinder Ltd expects the synergies from the merger to be $4 million. If Pinder Ltd offers 1 of its own shares for 3 shares of Value Co, what is the NPV to Pinder Ltd if the offer is accepted? Round to the nearest two digits. \$1.01 million $0.92 million None of the other answers are correct. \$0.74 million $0.83 million