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answer both please for thumbs up Universal Drapers Inc is considering an acquisition of Mall Toys Co. (MTC), and estimates that acquiring MIC will result

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Universal Drapers Inc is considering an acquisition of Mall Toys Co. (MTC), and estimates that acquiring MIC will result in incremental after-tax net cash flows in years 13 of $5 million, $7.5 million, and $9 million, respectively. After the first three years, the incremental cash flows contributed by the MrC acquisition are expected to grow at a constant rate of 5% per vear. Universal's current beta is 1.20 , but its post-merger beta is expected to be 1.56 . The risk-free rate is 3.5%, and the market. risk premium is 5.60%. Based on this information, complete the following table by selecting the appropriate values. (Note: Round your intermediate calculations to two deciral places.) Mall Toys Co. (MTC) has 4 million shares of common stock outstanding. What is the largest tender offer Universal Drapers Inci should make on each of Mall Toys Co. (MTC)'s shares? $32.73 $32.72

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