The Glass Works Has a Market Value of $336,000

Multiple Choice

The Glass Works has a market value of $336,000.Creative Pottery has 23,800 shares of stock outstanding at a price per share of $37.Creative Pottery is acquiring The Glass Works in exchange for 9,200 shares of Creative Pottery stock.The merger is expected to create $24,000 of synergy.What is the NPV of the acquisition?

A) −$11,407
B) $24,608
C) $14,136
D) $19,600
E) $5,701