A proposed merger will produce $290,000 worth of synergies (net of reorganization costs). Prior to the merger announcement, the shares of the acquiring firm had a market capitalization of $820,000 and the shares of the target firm had a market capitalization of $600,000. If the acquirer is offering the target firm 45% of the shares of the merged firm, what is the merger premium? Note: Your answer must accurate to the nearest ten dollars ($10).