BQ$,$ Incorporated, is considering making an offer to purchase iReport Corporation. BQ$$s vice president of finance has collected the following information:

BQ iReport

Price$-$earnings ratio $15\mathrm{.}911\mathrm{.}5$

Shares outstanding $1,640,000890,000$

Earnings $ $4,477,200$ $ $1,085,800$

Dividends $ $1,064,000$ $ $484,000$

BQ also knows that securities analysts expect the earnings 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 firm with some economies of scale that will increase this growth rate to $8$ percent per year.

a$.$

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

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

c$.$ If BQ were to offer $$26$ 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$.,32\mathrm{.}16.)$

d$.$ What is 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$.,32\mathrm{.}16.)$

e$.$ If BQ were to offer $239,000$ of its shares in exchange for the outstanding stock of iReport, what would the NPV be$?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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$-1.$ If BQ still offers $$26$ per share, what is the NPV with this new growth rate? $($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$.,32\mathrm{.}16.)$

f$-2.$ If BQ still offers $239,000$ shares, what is the NPV with this new growth rate? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$