Low's has 12756 shares of stock outstanding at a price per share of $16.2. Bert's has 20576 shares outstanding at a price per share of $26.68. Bert's believes it can create $37070 of synergy if it acquires Low's in an exchange of stock. Assume both firms are all-equity financed.
What is the value of the combined firm following the merger? (Round answer to 2 decimal places, do not round intermediate calculations)
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