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Sweet Cola Corporation (SCC) is bidding to take over Salty Dog Pretzels (SDP). SCC has 2,500 shares outstanding, selling at $30 per share. SDP has

Sweet Cola Corporation (SCC) is bidding to take over Salty Dog Pretzels (SDP). SCC has 2,500 shares outstanding, selling at $30 per share. SDP has 1,500 shares outstanding, selling at $15.50 a share. SCC estimates the economic gain from the merger to be $15,000. a. If SDP can be acquired for $22 a share, what is the NPV of the merger to SCC? b. What will SCC sell for, per-share, when the market learns that it plans to acquire SDP for $22

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