2. Company currently sells for $24/share. Management holds 40% of 1 million shares outstanding. Chang Inc. is considering acquiring Li because of positive synergies. The estimated present value of these synergies is $8 million. In addition, Chang feels that the management of Li is overpaid and have a lot of unnecessary perks like yachts and jets to fly around. Getting rid of all these will save the firm about $400,000 per year. This would add $3 million in value to the acquisition. What is the maximum price per share that Chang should pay? What price would you offer