Tyler Processing's current stock pnice is $19.60 per share. Tyler is 100% equity financed and has been targeted by several potential acquirer5. One of these sutors, Gellar Manufacturing, has conducted analysis to determine Tyler's value to Gellar if it were acquared. Tyler's current price/ earnings (Prie) ratio is 14 , but Gellar is confident that under its management Tyler's pye would be 16.8 . Tyler is expected to generate $40 million of operating income (EBIT) this year and has 20 million shares of stock oulstanding. Both. firmis have a tax rate of 30%. How much per share is Tyler's stock worth if Gellar acqures the company? (Note: Round intermediate calculabons to two deomal piaces-) 539.20 per share 523.52 per share 525.83 per share $19.60 per share How much svnergy is this merger expected togenerate? \$4.70 per share \$3.14 per share 45. 18 oer share $3.92 per share