You work for a leveraged buyout firm and are evaluating a potential buyout of UnderWater Company. UnderWater's stock price is $15 and it has 2.00 million shares outstanding. You believe that if you buy the company and replace its management, its value will increase by 36%. You are planning on doing a leveraged buyout of UnderWater and will offer $18.75 per share for control of the company. a. Assuming you get 50% control, what will happen to the price of non-tendered shares? b. Given the answer in part (a), will shareholders tender their shares, not tender their shares, or be indifferent? c. What will your gain from the transaction be? a. Assuming you get 50% control, what will happen to the price of non-tendered shares? Share price will be $ (Round to the nearest cent.)