Tiri Co purchased 80% of the 50,000 $1 ordinary shares of Vape Co on 1 January 20X5. The consideration included a share exchange of two shares in Tiri Co for every five shares held in Vape Co. The price of a Tiri Co share at the date of acquisition is $12. A deferred cash consideration of $157,500 is also payable on 1 January 20X6. Tiri Co has a cost of capital of Calculate the fair value of the consideration paid by Tiri Co for the 80% shareholding in Vape Co on 1 January 20X5. $357,375 $349,500 $342,000 $390,000