You work for a levered buyout firm and are evaluating a potential buyout of Timken Inc. Timken's stock price is $33.50 , and it has 1.5 million shares outstanding. You believe that if you buy the company and replace its dismal management team, its value will increase by 30%. You are planning on doing a levered buyout of Timken and will offer $38.40 per share for control of the company. Assuming you get 50% control, what will your gain from the transaction be?

		$18,262,500
		$17,775,000
		$18,750,000
		$17,287,500
		$19,237,500