Bidding firm (Firm B) has 5247 shares outstanding that are currently selling at $44 per share. Target firm (Firm T) has 1282 shares outstanding that are currently selling at $16 per share. Assume that both firms have no debt outstanding. Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $8857. If firm T is willing to be acquired for $21 per share in cash, what is the merger premium?