The balance sheet for the Raider Company shows Total assets of $13,300 financed by $3,700 of Debt and $9,600 of Stockholders' equity. The Raider Company has 880 common shares outstanding, their equity price-to-book ratio is 5.60, and their price- to-earnings ratio is 38.7. For the Target Company Total assets of $8,600 are financed by $3,700 of Debt and $4,900 of Stockholders' equity. The Target Company has 770 common shares outstanding, their equity price-to-book ratio is 0.80, and their price- to-earnings ratio is 11.8. The Raider Company plans to takeover the Target Company. The Raider Company offers 1 share(s) of Raider stock to Target shareholders that tender 8 Target shares (the exchange ratio is 0.125000; assume fractional shares can be exchanged) Suppose tax effects and synergistic gains and losses equal zero; that is, accumulated sales, costs, and profits remain the same. After the Raider takes control of all Target shares, what is the percentage change in Target shareholder wealth? 41% 45% 31% 34% 37%