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Taylor's Hardware is acquiring The Corner Store for $50,000 in cash. Taylor's has 2,400 shares of stock outstanding at a market value of $20 a

Taylor's Hardware is acquiring The Corner Store for $50,000 in cash. Taylor's has 2,400 shares of stock outstanding at a market value of $20 a share. The Corner Store has 1,200 shares of stock outstanding at a market price of $24 a share. Neither firm has any debt. The incremental value of the acquisition is $2,800. What is the value of Taylor's Hardware after the acquisition?

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