Alto and Solo Are All-Equity fiRms

Alto and Solo are all-equity firms.Alto has 2,400 shares outstanding at a market price of £24 a share.Solo has 4,000 shares outstanding at a price of £17 a share.Solo is acquiring Alto for
£63,000 in cash.The incremental value of the acquisition is £5,500.What is the net present value of
Acquiring Alto to Solo?

A) £100
B) £400
C) £1,200
D) £2,400
E) £5,500