Firm B Is Willing to Be Acquired by fiRm a at a Price

Firm B is willing to be acquired by firm A at a price of $34 a share in either cash or stock. The incremental value of the proposed acquisition is estimated at $80,000. What is the value of one share of stock in AB if the merger is a cash deal?

A) $18.00
B) $19.10
C) $20.00
D) $21.30
E) $25.47