I have to be a management consultant tasked with presenting to the board of Renesas, a japanese semiconductor manufacturer. In order to continue growing their business, Renesas executives are interested in pursuing a new acquisition. Your directive is to identify a strategic target company for Renesas to acquire, and to defend your choice to the Renesas board. What company should Renesas buy, and why? The financial statement is in the renesas homepage 1. Renesas has made a number of recent acquisitions. What company would make the most sense to add next to their portfolio, and why? 2. If Renesas were to acquire this company, please estimate the resulting revenue synergies from the acquisition. How much incremental value could Renesas create beyond the standalone target company's existing revenues? 3. If Renesas were to acquire this company, please estimate the resulting cost synergies from the acquisition. In what areas could Renesas save on expenses and increase their overall profit margins