Given the following information about the equity value calculated from the discounted cash flow (DC) calculation and the equity valje from the market (Market Cap Acquirer Target Combined Equity Value from 823 110 1008 DCF Market Cap. (Equity value) 897 122 The minimum price the acquirer can offer is The maximum price the acquirer can offer is if the acquirer is willing to offer 30 of the synergy, the initial offer price is