11. (i) Target Inc. currently has 2 million shares outstanding. Acquirer Inc. is considering an acquisition of Target Inc. at an offer price of $32 per share. Target Inc has the following dilutive securities: . In-the Money options Number of options: 250,000 Exercise price: $20/share Convertible Debentures: . Face value = $1000 Book value = 15.000.000 Conversion ratio, CV = 40 (convertible into 40 shares of common stock) . If all the dilutive securities are converted, how many shares will the target have and what will be the equity value of target's shares at the offer price (adjusted target equity value using the if converted' method)