The company PackMan intends a takeover of EasyMove Corporation in which it will acquire all EasyMoves shares by issuing new shares of PackMan stock. PackMans current stock price is 25, while EasyMoves shares currently trade for 28. Total shares outstanding are 45 million for PackMan and 25 million for EasyMove. Expected synergies from this transaction are estimated at 125 mln. Based on this data, determine the maximum exchange ratio that PackMan may offer in this takeover such that it earns a non-negative Net Present Value from the acquisition