Alpha Corporation is considering acquiring the startup, Beta Technologies to access software that would enable it tobetter manage its growing use of contractor workers. Alpha is currently valued at $15 million dollars and Beta is valued at $3.5 million. Based on the efficiencies of owning this technology (and its R&D pipeline), it is anticipated that together, the value of the combined organization would be $27.3 million. While Alpha will necessarily pay a premium to Beta owners to acquire the company, the most they should rationally offer the target is:

Group of answer choices

$11.5 million

$8.8 million

$15.8 million

$12.3 million