Pearl, Incorporated has offered $$750$ million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $$630$ 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?

Multiple Choice

$$-120,000,000$

$$123,600,000$

$$114,000,000$

$$126,000,000$