Which of the following statements is TRUE? 
Definitions:
Firms Combined
Firms Combined typically refers to the merger or consolidation of two or more businesses to form a single combined entity, often aiming for operational efficiencies and expanded market share.
Separate Values
Separate Values pertains to distinctly evaluating different assets, liabilities, or components for financial, analytical, or assessment purposes.
Synergies
The additional value created by combining two or more companies or assets, expected to lead to greater efficiency or profitability.
NPV
Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.
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