Brite Industries Has Agreed to Merge with Nu-Day,Inc

Brite Industries has agreed to merge with Nu-Day,Inc. for $20,000 worth of Nu-Day stock. Brite has 1,200 shares of stock outstanding at a price of $15 a share. Nu-Day has 2,000 shares outstanding with a market value of $19 a share. The incremental value of the acquisition is $3,500. What is the value of Nu-Day after the merger?

A) $53,000
B) $54,250
C) $56,000
D) $57,750
E) $59,500