The Town Crier and The News Express are all-equity firms. The Town Crier has 11,500 shares outstanding at a market price of $26 a share. The News Express has 15,000 shares outstanding at a price of $31 a share. The News Express is acquiring The Town Crier. The synergy value of the acquisition is $4,500. What is the value of The Town Crier to The News Express? 5. Walnut Co. and Almond Co. are all-equity firms. Walnut Co. has 2,000 shares outstanding at a market price of $8 a share. Almond Co. has 3,000 shares outstanding at a price of $24 a share. Almond Co. is acquiring Walnut Co. for $20,000 in cash. What is the merger premium? 6. The Sweet Shoppe and Candy Land are all-equity firms. The Sweet Shoppe has 500 shares outstanding at a market price of $96 a share. Candy Land has 2,700 shares outstanding at a price of $24 a share. The Sweet Shoppe is acquiring Candy Land for $62,000 in cash. The incremental value of the acquisition is $3,600. What is the net present value (NPV) of acquiring Candy Land to The Sweet Shoppe? 7. Scott Enterprises is acquiring Moore Industries for $22,000 worth of Scott Enterprises stock. Scott Enterprises currently has 7,500 shares of stock outstanding at a price of $28 a share. Moore Industries has 1,800 shares outstanding at a price of $12 a share. The synergy value of the acquisition is $1,100. What is the stock price per share of Scott after the acquisition using stock payment