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Acquirer Target Combined Sales 1000 300 ?11? Extra revenue 50 Operating Expenses 400 120 520 cost savings 40 EBIT ?1? ?6? ?12? EBIT(1 t) (Note:
Acquirer | Target | Combined | |
Sales | 1000 | 300 | ?11? |
Extra revenue | 50 | ||
Operating Expenses | 400 | 120 | 520 |
cost savings | 40 | ||
EBIT | ?1? | ?6? | ?12? |
EBIT(1 t) (Note: t=40%) | ?2? | ?7? | ?13? |
Depreciation | 100 | 30 | 130 |
Gross Plant & Equipment | 40 | 20 | 60 |
Change in Working Capital | 10 | 10 | 20 |
Free Cash Flow to Firm | ?3? | ?8? | ?14? |
Discount rate | 8.00% | 10% | 8.00% |
Firm Value | ?4? | ?9? | ?15? |
Long term debt | 3000 | 200 | 3200 |
Equity value | ?5? | ?10? | ?16? |
Synergy | ?17? |
Based on this table, please fill in the missing numbers.
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