priot to a potential merger perry's cleaning has shares outstanding at a market price per share of $23. Shiny Clean Carpet Co. has 2,800 shares outstanding at $16 per share. Assume Perry's cleaning has estimated the value of the synergistic benefits from acquiring shiny clean to be $3700. Neither firm has outstanding debt. The acquiring firm has offered a price of 17.50 per share to the target. If the deal goes through, what is the merger premium?

A. 4200

B. 3700

C. 2800

D. 5250

E. 0