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Question 13 8 pts Firm A is being acquired by Firm B for $6,093,750 worth of Firm B stock. The incremental value of the acquisition
Question 13 8 pts Firm A is being acquired by Firm B for $6,093,750 worth of Firm B stock. The incremental value of the acquisition is $2.5 million. Firm A has 1.2 million shares of stock outstanding at a price of $45 a share. Firm B has 5 million shares of stock outstanding at a price of $150 a share. What is the actual cost of the acquisition using company stock? (Please, do not round intermediate calculations. Provide your final answer rounded to 2 decimal places with no dollar symbol ($))
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