Company A is considering to takeover Company B. The following table provides some basic information about the two companies. ( in millions, except per share data) Companya Company B Total shares outstanding 1000 500 Current Stock Price 40.00 25.00 Debt Outstanding 800 200 Now Company A decides to pay 20% premium for the company B and will assume all the B's outstanding debt. Based on the above information, please answer the following questions: a) What is the total consideration and total purchase price of the deal? (2 marks) b) If the company A uses its stock to pay the target B, what will the exchange ratio be, assuming the current stock price of the two companies will not change when the share swaps take place. (2 marks) c) The NYSE and NASDAQ regulates that shareholders' voting approval is necessary if the acquirer intends to issue 20% or more than 20% of a class of shares (calculate on a pre-issue basis). At least how many percentage should the transaction value be paid by cash in this deal, if the management of company A wants to avoid the shareholder voting? Assume that the current stock price of the two companies will not change when the share swaps take place, and the market reaction is neutral about the new share issuing) (3 marks) d) An existing shareholder X holds 20 million shares of Company A before the deal and he/she decides to give up the preemptive right in the seasoned equity issue. If Company A decides to pay 20% of the transaction value by its own stocks and the rest by cash, how many percentage of the X's ownership in A will be diluted