ASU inc. is planning to acquire U of A inc. An analyst estimated that current year free cash flow of U of A inc. is $$50$M$,$ total debt of the firm is $$20$ & number of shares outstanding is $4$M$.$

A$.$ First, the analyst estimates standalone cash flows of U of A$.$ The analyst estimates that the U of A$\text{'}$s FCF should grow rapidly$-$ at a rate of $10\%$ per year$-$ during years $1$ & $2$; but after year $2,$ growth should be a constant $5\%$ per year. If the firm$$s WACC is $10\%,$ what is the firm$$s standalone value?

B$.$ Second, the analyst estimates U of A$$s cash flows with synergies. With synergies, the analyst estimates that the U of A$\text{'}$s FCF should grow rapidly$-$ at a rate of $15\%$ per year$-$ during years $1$ & $2$; but after year $2,$ growth should be a constant $8\%$ per year. If the firm$$s WACC is $10\%,$ what is the firm$$s value with synergies?

C$.$ Assume that the acquirer wants to divide synergies per share between target and acquirer firms' shareholders. They will pay $70\%$ of synergies per share to the target's firms$$ shareholders and $30\%$ to the acquirer firm's shareholders. What is the offer price?