D Question 18 5 pts Acquirer Corp and Target Corp are all equity firms each trading at $30 and $18 per share, with 40 million and 30 million shares outstanding, respectively. Acquirer believes that Target is being mismanaged, and believes its annual costs can be reduced by $20 million in perpetuity with the right management team. Acquirer aims to buy out Target in its entirety and replace its management in order to achieve this cost reduction. Assuming a discount rate of 10%, Acquirer must pay a minimum of and will be willing to pay a maximum of to acquire Target. $1,740 million; $1,940 million $540 million; $1,940 million $540 million; $740 million $740 million; $1,940 million