b) Make an overview of the pros and cons of the take-over bid not only based on the provided data above but also take into account the issues with regard to an M&A transaction in class. c) Mention the impact the two scenarios will have on the outcome of the take-over transaction. Explain the difference between a scenario analysis like this and a sensitivity analysis. d) Show how the calculation of the expected value of MS for ASC from the expected cash flows and required rate of return on investment will look like based on NPV and payback method. So will ASC buy MS? e) Describe the multiples method for valuating this acquisition. f) In case the NPV is positive indicate what the IRR of this same project would be? Also explain why. g) Describe the risks of the implementation of an acquisition like this. Include the risks of an investment decision in an international context.