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Yankees and Blue Sox are all-equity firms. Yankees has 7,200 shares outstanding at a market price...

Yankees and Blue Sox are all-equity firms. Yankees has 7,200 shares outstanding at a market price of $48 a share. Blue Sox has 3,950 shares outstanding at a price of $43.50 a share. Yankees is acquiring Blue Sox for $192,000 in cash. The synergy of the acquisition is $31,000. What is the value of Blue Sox to Yankees?

$225,548

$214,327

$202,825

$116,453

$107,218
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