New England Fisheries (NEF)has 18,000 Shares Outstanding at a Market

New England Fisheries (NEF) has 18,000 shares outstanding at a market price per share of $14.Maryland Fish Markets (MFM) has 7,000 shares outstanding at a market price of $21 a share.Neither firm has any debt.MFM is acquiring NEF for $275,000 in cash.What is the merger premium per share?

A) $1.43
B) $1.28
C) $.81
D) $1.04
E) $2.07