Bq incorporated is considering making an iffer to purchase ireport publications. The vice president of finance has collected the following infomation. Price earning ration Bq $14\mathrm{.}8$ ireport $9\mathrm{.}2,$ shares outstanding $1,300,000150,000,$ earnings bq $4,000,000$ ireport $650,000,$ dividends bq $900,000$ ireport $350,000.$ Bq also knows that securities analyst expect the earning and dividends of ireport to grow at a constant rate of $6$ percent each year. Bq management believes that the acquisition of ireport will provide the furm wirh some economics of scale that will increase the grieth rate to $8$ percent per year

BQ$\text{'}$s outside financial consultants think that the $8$ percent growth rate is too optimistic and a $7$ percent rate is more realistic.

f$-1.$ What is the value of iReport to BQ now? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

f$-2.$ What would BQ$\text{'}$s gain be from this acquisition? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

f$-3.$ If $BQ$ were to offer $$45$ in cash for each share of iReport, what would the NPV of the acquisition be$?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

f$-4.$ What's the most $BQ$ should be willing to pay in cash per share for the stock of iReport? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

f$-5.$ If $BQ$ were to offer $190,000$ of its shares in exchange for the outstanding stock of iReport, what would the NPV be$?($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$f$-1.$ Value of iReport,$],[$f$-2.$ Gain,$],[$f$-3.$ NPV$,],[$f$-4.$ Maximum share price,$],[$f$-5.$ NPV$,]]$