Firm A has 1 million shares outstanding, valued currently at $20 per share. A raider has recently acquired 100,000 shares, paying the market price for those shares. The announcement of this acquisition triggers Firm As poison pill, which works as follows: (1) Every share has a warrant attached to buy a newly created share at $500 per share, and (2) if any single party acquires at least a 10% stake in the company, all shareholders except the one that triggered the pill can exercise their warrants at a price equal to 40% of the market price.

a-What is the total firm value after the poison pill is triggered?

b-What is the share price after the poison pill is triggered and executed?

-What is the value of the raiders stake in the company after the poison pill is triggered and executed? Please provide a quantitative answer.