Aardvark Enterprises Has Agreed to Be Acquired by Lawson Products

Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $30,000 worth of Lawson Products stock. Lawson has 3,000 shares of stock outstanding at a price of $28 a share. Aardvark has 1,200 shares outstanding with a market value of $23 a share. The incremental value of the acquisition is $1,400. What is the value of Lawson Products after the merger?

A) $79,400
B) $83,000
C) $111,600
D) $113,000
E) $143,000