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KT corporation has announced plans to acquire MJ corporation

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KT corporation has announced plans to acquire MJ corporation.

KT is trading for $45 per share and MJ is trading for $25 per share,

with a premerger value for MJ of $3 billion dollars. If the projected

synergies from the merger are $750 million, what is the maximum

exchange ratio that KT could offer in a stock swap and still

generate a positive NPV?

calculation steps??