Determine the maximum premium Coca-Cola could pay for Canada Dry before the deal would no longer be accretive based on the data listed in Exhibit 1 below. (fill the yellow blank)

Exhibit 1 Coca-Cola Summary of assumptions for Acquisition (MM) Buyer Coca-Cola $55.04 Coca-Cola Stock Price - Current Coca-Cola Shares Outstanding 4280.0 $47,915.00 $8,716.00 Coca-Coal Revenues Coca-Cola Net Income Borrowing Cost 5.00% $2.04 EPS Target Canada Dry $6,000.00 $1,510.00 $1,450.00 $2,100.00 Revenues EBITDA EBIT Book Value Total Debt $1,300.00 $56.00 Share Price Shares Outstanding 166 Transactioon Premium to Target Share Price $9,296.0 Purchase Price Consideration - Cash versus Stock 0% Synergies Assumed Effective Corporate Tax Rate 500.0 35.0% Exhibit 1 Coca-Cola Summary of assumptions for Acquisition (MM) Buyer Coca-Cola $55.04 Coca-Cola Stock Price - Current Coca-Cola Shares Outstanding 4280.0 $47,915.00 $8,716.00 Coca-Coal Revenues Coca-Cola Net Income Borrowing Cost 5.00% $2.04 EPS Target Canada Dry $6,000.00 $1,510.00 $1,450.00 $2,100.00 Revenues EBITDA EBIT Book Value Total Debt $1,300.00 $56.00 Share Price Shares Outstanding 166 Transactioon Premium to Target Share Price $9,296.0 Purchase Price Consideration - Cash versus Stock 0% Synergies Assumed Effective Corporate Tax Rate 500.0 35.0%