Tyxtro and Nova are all-equity firms. Tyxtro has 215,000 shares outstanding at a market price of $28 a share. Nova has 610,000 shares outstanding at a price of $73.40 a share. Nova is acquiring Tyxtro for $6,950,000 in cash. The synergy value of the acquisition is $1,320,000. What is the net present value of acquiring Tyxtro to Nova?
$370,000 $450,000 $430,000 $410,000 $390,000
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