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Stock versus Cash Offers ( LO 2 ) Sweet Cola Corporation ( SCC ) is bidding to take over Salty Dog Pretzels ( SDP )

Stock versus Cash Offers (LO2)
Sweet Cola Corporation (SCC) is bidding to take over Salty Dog Pretzels (SDP). SCC has 2,000 shares outstanding, selling at $30 per share. SDP has 1,000 shares outstanding, selling at $15.50 a share. SCC estimates the economic gain from the merger to be $10,000.
What is the NPV of the merger to SCC when it uses an exchange of stock?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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