Best’s Foods is seeking to acquire the Heinz Baking Company, whose shareholders’ equity and goodwill are $41 million and $7 million, respectively. A comparable bakery was recently acquired for $400 million, 30% more than its tangible book value (TBV). What was the tangible book value of the recently acquired bakery? How much should Best’s Foods expect to have to pay for the Heinz Baking Company? Show your work.