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a. What is Vandell's pre-acquisition levered cost of equity? What is its unlevered cost of equity? Do not round intermediate calculations. Round your answers to
a. What is Vandell's pre-acquisition levered cost of equity? What is its unlevered cost of equity? Do not round intermediate calculations. Round your answers to two decimal places. Pre-acquisition levered cost of equity: % Unlevered cost of equity: % b. What is the intrinsic unlevered value of operations at t=0 (assuming the synergies are realized)? Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23 , not 1,230,000. Do not round intermediate calculations. Round your answer to the nearest cent. $ million c. What is the value of the tax shields at t=0 ? Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. Do not round intermediate calculations. Round your answer to two decimal places. $ million d. What is the total intrinsic value of operations at t=0 ? What is the intrinsic value of Vandell's equity to Hastings? What is the maximum price per share that Hasting's should offer Vandell's shareholders? Enter your answers for the value of operations and the equity value to acquirer in millions. For example, an answer of $1.23 million should be entered as 1.23 , not 1,230,000. Do not round intermediate calculations. Round your answers to two decimal places. Value of operations: $ milion Equity value to acquirer: $ million Maximum price: $ per share
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