$13.$ You have been given the job of evaluating the following merger candidate. You have collected the following cash flow for the acquisition candidate for the proposed merger $($in millions$)$:

Projected cash flows for the target company:

Year $12345\_\_$ Thereafter per year

Cash flows now $8085105145180150$

Additional cash flows with merger $6090100125150100$

Total cash flows with merger $140175205270330250$

Risk free rate of return $4\mathrm{.}4\%$

Beta for the acquiring company $1\mathrm{.}2$

Beta for this target company $\mathrm{.}8$

Market risk premium $5\mathrm{.}0\%$

Pre$-$tax cost of debt $8\mathrm{.}4\%$

Marginal tax rate $29\%$

Number of shares outstanding for the target company $($millions$)43$

Current market price per share for the target company $$65$

Percentage of the acquisition financed with debt $40\%$

Percentage of the acquisition financed with common equity $60\%$

What is the after$-$tax cost of debt? $5\mathrm{.}96\%$

What is the after$-$tax cost of common equity?

What is the weighted average cost of capital for this acquisition candidate?

What is the maximum price per share you are willing to pay for this candidate? $($answer PLaese$)$

Based on the numbers above, would you pursue this candidate?