Bidding firm (Firm B) has 5655 shares outstanding that are currently selling at $45 per share. Target firm (Firm T) has 1503 shares outstanding that are currently selling at $15 per share. Assume that both firms have no debt outstanding. Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9029.
If Firm T is willing to be acquired for $21 per share in cash, what is the NPV of the merger? (Round answer to 2 decimal places. Do not round intermediate calculations)