Rogers Corp. has announced plans to acquire Shaw Corp. Assume that Rogers is trading for $60 per share and Shaw is trading for $24 per share, with a premerger value for Shaw of $12 billion dollars. If the projekted synergies from the merger are $1.2 billion, the maximum exchange ratio that Rogers could offer in a stock swap and still generate a positive NPV is closest to: 0.44 0.60 1.25 2.53 None of the above