Rudy's, Inc

Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at a market price of $22 a share. Blackstone has 2,500 shares outstanding at a price of $38 a share.
Blackstone is acquiring Rudy's for $36,000 in cash. The incremental value of the acquisition is
$3,500. What is the value of Rudy's Inc. to Blackstone?

A) $30,000
B) $32,500
C) $33,000
D) $36,500
E) $39,500