Question $2($Mandatory$)(10$ points$)$

Alpha Corporation has a market value of $$650$ while Gamma Corporation has a market value of $$1,100.$ The two firms are merging and expect the combined firm to have a market value of $$1,890.$ If the current Alpha shareholders obtain $$750$ of equity in the new firm, how much synergy was allocated to the Gamma shareholders?

$$0$

$$ $$20$

$$40$

$$ $$15$

$$ $$25$