Please use the following information to answer the next THREE questions. Firm X is going to acquire Firm Y. The acquisition will be done via a share exchange, whereby Firm X will exchange 1.5 of its shares for every one of Firm Y's shares. Synergy is $500,000 in total. Shares Outstanding Price per Share Earnings Firm X (Bidder) 600,000 $100 1,600,000 Firm Y (Target) 60,000 $150 1,300,000 46. What is the takeover premium? A) $0 B) $64.800 C) $500,000 D) $2,956,800 E) $4,435,200