Synergy Mistral Software is considering a merger with Amsted Technologies. Mistrai has 1.2 million shares outstanding with a value of $22, while Amsted has 800,000 shares outstanding with a $23 value. The merged company's WACC will be 10%. a. If Mistral believes the combined firm will have a market value of $50 million, what value of synergy is anticipated? Synergy =$ b. Assuming that synergy is estimated at $.2 milion and that $2 million of it is from cost savings expected in Year 1 due to the elimination of duplicate services, what must the remaining annual synergies be for the next 9 ytars to achieve the total expected synergies? Annual synergies for years 210:5 c. Based on the $50 milition merged firm value, what is the maximum Mistral could pay for Amsted's shares in cash? Price per share =$ d. How much synergy will shareholders of Mistral and Amsted receive if a cash offering is made by Mistral to Amsted for (i) $23, (ii) $25, and (iii) $30 per share? (1) Synergy going to Amsted shareholders = $ Synergy going to Mistral shareholders =$ (ii) Synergy going to Amsted shareholders =$ Synergy going to Mistral shareholders =$ (iii) Synergy going to Amsted shareholders =$ Synergy going to Mistral shareholders =$()