Barlow Manufacturing Has Announced Plans to Acquire Hull Enterprises

Multiple Choice

Barlow Manufacturing has announced plans to acquire Hull Enterprises.Barlow is trading for $19.25 per share and has a premerger value of $3 billion,while Hull is trading for $41.35 per share and has a premerger value of $950 million dollars.If the projected synergies from the merger are $425 million,what is the maximum cash offer per share that Barlow could make and still generate a positive NPV?

A) $98.37
B) $60.60
C) $41.35
D) $47.20
E) $59.85