Question 3 and 4

3. Ferns and Plants are all-equity firms. Ferns' has 2,500 shares outstanding at a market price of $28 a share. Plants has 2,500 shares outstanding at a price of $41 a share. Plants is acquiring Ferns for $72,000 in cash. The synergy of the acquisition is $3,500. What is the value of Ferns to Plants? A. $66,500