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Bigco Inc. is considering acquiring Smallco Inc., a publically traded fim in the same industry. Smallco is currently trading at $12 per share and has

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Bigco Inc. is considering acquiring Smallco Inc., a publically traded fim in the same industry. Smallco is currently trading at $12 per share and has 20 million shares; it is believed to be trading at its fair value. Bigco feels that the present value of potential synergies is 550 million. What is the highest bid price that Bigco should consider paying for Smallco shares? The highest bid price that Bigco should consider paying for Smallco shares is S. (Round to the nearest cent.) Enter your answer in the answer box

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