Problem 21-7 Merger Gains (LO2) Acquiring Corporation is considering a takeover of Takeover Target Incorporated. Acquiring has 22 million shares outstanding, which sell for $20 each. Takeover Target has 11 million shares outstanding, which sell for $18 each. If the merger gains are estimated at $33 million, what is the highest price per share that Acquiring should be willing to pay to Takeover Target shareholders? Highest price $ 15 per share