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Westford and Eastbrook are all-equity firms. Westford has 5,000 shares outstanding at a market price of $50 a share. Eastbrook has 3,200 shares outstanding at

Westford and Eastbrook are all-equity firms. Westford has 5,000 shares outstanding at a market price of $50 a share. Eastbrook has 3,200 shares outstanding at a price of $41 a share. Westford is acquiring Eastbrook for $135,000 in cash. The synergy of the acquisition is $12,000. What is the value of Eastbrook to Westford?

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