Mistral Software is considering a merger with Amsted Technologies. Mistral has 1.2 million shares outstanding with a value of $22 per share, while Amsted has 800,000 shares outstanding with a $23 value per share. The merged company's WACC will be 10%. Required: a) If Mistral believes that the combined firm will have a market value of $50 million, what value of synergy is anticipated? b) Based on the $50 million merged firm value, what is the maximum Mistral could pay for Amsted's shares in cash? c) How much synergy will shareholders of Mistral and Amsted receive if a cash offering is made by Mistral to Amsted for (1) $23, (2) $25, and (3) $30 per share