You are evaluating the acquisition of a firm in your industry. You plan to offer each share in the target company 0.8 shares in the merged company (i.e., an exchange ratio of 0.8). Assume the following data is available. Compute the value of the combined firm and the new price per share. Then determine the NPV of the stock offer. Acquiring Target VA $180 VT $65 NA 10 NT 5 PA $18 PT $13 S $22 NSE 4 Value of combined firm $ New price per share $ NPV of stock offer $