A target firm has 7 million shares outstanding at a price of $20 per share. The acquiring firm offers a 10% takeover premium. The market value of the target's fixed assets is $125 million and it has $20 million in current assets. If the firm has $40 million in liabilities, what is its value for goodwill?
A. 35 Million
B. 29 Million
C. 49 Million
D. 55 Million
E. 9 Million