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Based on the information provided in the case, provide an estimate of the value of a spin-off of HII to the shareholders of Northrup Grumman

Based on the information provided in the case, provide an estimate of the value of a spin-off of HII to the shareholders of Northrup Grumman and an estimate of the value of an asset sale to the shareholders of Northrup Grumman. Based purely on a comparison of the two valuations, which alternative would be the preferred separation method?

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