A company called Namnet Investments has made an offer for Real Time Trading Company that consists of the purchase of 2 million shares at $9 per share. The value of Real Time stock before the bid was made public was $10 per share. Namnet stock is trading at $30 per share, and there are 12 million shares outstanding. Namnet estimates that it is likely to reduce costs through economics of scale with this merger of $2 million per year in present value terms, forever. The appropriate discount rate for these gains is 10%. 

Required
i. Determine the synergistic gains from the merger?
ii. Target shareholder's gain
iii. Acquirer's gain