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    The sum of the NPV's of a merger to each of the two firms involved is a. b. or c.

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    The sum of the NPV's of a merger to each of the two firms involved:

    a. cannot exceed the pre-merger value of both firms
    b. it always zero
    c. is equal to the additional value attributable to the merger

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    https://brainmass.com/business/mergers-and-acquisitions/the-sum-of-the-npv-s-of-a-merger-to-each-of-the-two-firms-involved-is-a-b-or-c-9421

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