McGaha Inc.'s weighted average cost of capital (WACC) is 15% and the company owns short-term investments valued at $20 million. The company has also borrowed $20 million in interest-bearing debt and issued preferred stocks worth $10 million. On the operation-side of the business, McGaha generates a free cash flow FCF0 = $30 million and expects a CF grwoth rate g = 5% per year. The company has 1 million shares of common stock outstanding. A private equity (PE) firm wants to acquire the company, offering $8 per share to buy out all the common stocks. Should McGaha accept the offer? Explain.