$2.$ America Limited plans to acquire Japan Limited. The relevant financial details two firms, prior to merger announcement, are given below: of the Market price per share Number of shares America Limited Japan Limited Rs$.100$ Rs$\mathrm{.}40300\mathrm{.}000$ The merger is expected to bring gains which have a present value of Rs$\mathrm{.}12$ million. America Limited offers two share in exchange for every three shares of Japan Limited. Required: $($a$)$ What is the true cost of America Limited for acquiring Japan Limited? $($b$)$ What is the net present value of the merger to America Limited? $($c$)$ What is the net present value of the merger to Japan Limited?