Pearl, Inc., has offered $434 million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $402 million as an independent operation. If the merger makes economic sense for Pearl, what is the minimum estimated value of the synergistic benefits from the merger? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Minimum synergistic benefit : ??