A public acquiror has proposed to enter into a merger with a public target. The merger consideration of $59.40 per share will be funded 40% with cash and the balance with acquiror stock. You are a shareholder of the target with a tax basis in your stock of $26.92, Assuming the transaction qualifies as an A Reorganization, what is the amount of gain that is taxable as of the close of the merger?

Group of answer choices

$32.48

$23.76

$35.64

$27.87

$25.15