The Floral Shoppe and Maggie's Flowers are all-equity firms. The Floral Shoppe has 1,850 shares outstanding at a market price of $16 a share. Maggie's Flowers has 2,650 shares outstanding at a price of $25 a share. Maggie's Flowers is acquiring The Floral Shoppe for $30,000 in cash. The incremental value of the acquisition is $3,300. What is the net present value of acquiring The Floral Shoppe to Maggie's Flowers?
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