Als is analyzing the possibility acquisition of Bakers, both firms have no debt. Als believes the acquisition will increase its total after-tax annual cash flows by2.8 million dollars indefinitely. the current market value of Bakers is $91 million, and that of Als is $143.6 million. the appropriate discount rate for the incremental cash flows is 11%. A) What is the NPV to Als from acquiring Bakers through cash acquisition? B) suppose there are 1,000,000 Als shares outstanding in the market prior to the merger. If Als go with the cash acquisition, what will be the share price post-merger? C) Suppose Bakers shareholders will only accept stock acquisition and there are 1,000,000 of Bakers shares outstanding. At what exchange ratio of Als shares to Bakers shares would the shareholders in Bakers be indifferent between the two offers?