d. Suppose, instea that National decides to rst use Al's liquid assets to pay down most of A-l 's debt. How many shares of National at $47.83 wilI have to be issued? Use the cost gure from your answer to 2a. a. What will National's new BPS be, assuming the deal is conrpleted per your calculations in at above? ' f. Is Bill-Hall correct in his statement that National's EPS will not be diluted as a result of the purchase of Al ? ' 3. If National's PIE. does not change following the purchase of Al, what will its stock price be? Is it likely that National's PIE will remain at 13.6? Or do you think it will rise or fall? 4._ a. Do you think National's Pac Man defense will be successful? Or do you think A-l will succeed in buying out National? Ea, Do you think that National's stockholders are better off as a result of _ ' EH '5 attack and National's Pac Man defense (assuming it succeeds}? c. Do you think Kelly O'Brien, head of A-l, should be viewed as a \"good guy,\" whose action will produce more efcient companies, or a \"bad guy,\" who is a destroyer of traditional values and employees' careers