$26.00 ABC Co. Stock Price $10.00 XYZ Co. Stock Price $2,000,000 ABC Co. Cash $1,500,000 XYZ Co. Cash ABC Co. Shares Outstanding 300,000 XYZ Co. Shares Outstanding 150,000 ABC Co. is considering an acquisition of XYZ Co. for a cash offer that values XYZ at 20% higher than its current market capitalization. Given the above data, calculate the takeover premium in dollar terms (Round to the closest dollar). $250,000 $300,000 $315,000 $400,000