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Tiger LLC has market value of $96 million and 600,000 shares outstanding. Momcut Department Store has market value of $24 million and 400,000 shares outstanding.

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Tiger LLC has market value of $96 million and 600,000 shares outstanding. Momcut Department Store has market value of $24 million and 400,000 shares outstanding. Tiger is contemplating acquiring Momcut. Tiger's CFO concludes that the combined firm with synergy will be worth $131 million, and Momcut can be acquired at a price of $27 million. If Momcut is acquired by cash, what is the NPV of the merger? \$14 million $8 million $11 million $3 million $24 million

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