Consider the following scenario: Water and Power Co. (W\&P) is considering an acquisition of Drugal Brewing Co. (DBC), and estimates that acquiring DBC will result in incremental after-tax net cash flows in years 13 of $16 million, $24 million, and $28.8 million, respectively. After the first three years, the incremental cash flows contributed by the DBC acquisition are expected to grow at a constant rate of 4% per year. W\&P's current beta is 1.20 , but its post-merger beta is expected to be 1.56 . The risk-free rate is 4%, and the market risk premium is 6.10%. Based on this information, complete the following table by selecting the appropriate values. (Note: Round your intermediate calculations to two decimal places.) Drugal Brewing Co. (DBC) has 5 million shares of common stock outstanding. What is the largest tender offer Water and Power Co. (W\&P) should make on each of Drugal Brewing Co. (DBC)'s shares? $64.19$42.79$53.49