Alpha Products Has 5,200 Shares Outstanding at a Market Price

Alpha Products has 5,200 shares outstanding at a market price per share of $31. Beta Distributors has 7,500 shares outstanding at a market price of $38 a share. Neither firm has any debt. Beta is acquiring Alpha for $185,000 in cash. What is the merger premium per share?

A) $2.63
B) $3.09
C) $4.58
D) $6.33
E) $7.00