Firm a Is Being Acquired by Firm B for $24,000

Firm A is being acquired by Firm B for $24,000 worth of Firm B stock. The incremental value of the acquisition is $3,500. Firm A has 1,500 shares of stock outstanding at a price of $15 a share. Firm B
Has 1,200 shares of stock outstanding at a price of $30 a share. What is the value per share of Firm
B after the acquisition?

A) $17.50
B) $24.00
C) $30.00
D) $31.00
E) $35.00