Question

Firm A has a market value of $318,000 while Firm B's market value is $69,000. Firm...

Firm A has a market value of $318,000 while Firm B's market value is $69,000. Firm A just acquired Firm B for $75,000 cash. What is the net present value of the acquisition if the merger creates $15,500 of synergy?

Multiple Choice

A. $7,000

B. −$6,000

C. $4,500

D. −$13,000

$9,500

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Answer #1

When a target company is acquired by a buyer, Net present value of the acquisition is calculated using

NPV = Synergy + Value of target company - cost paid

So here, NPV = 15500 + 69000 - 75000 = $9500

net present value of the acquisition is $9500

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