Taylor's Hardware Is Acquiring the Corner Store for $20,000 in Cash

Taylor's Hardware is acquiring The Corner Store for $20,000 in cash. Taylor's has 1,500 shares of stock outstanding at a market value of $46 a share. The Corner Store has 2,200 shares of stock outstanding at a market price of $8 a share. Neither firm has any debt. The incremental value of the acquisition is $3,500. What is the value of Taylor's Hardware after the acquisition?

A) $49,000
B) $50,300
C) $67,300
D) $70,100
E) $72,400