Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has $1$ million shares outstanding and a target capital structure consisting of $30\%$ debt. Vandell's debt interest rate is $7\mathrm{.}2\%.$ Assume that the risk$-$free rate of interest is $6\%$ and the market risk premium is $4\%.$ Both Vandell and Hastings face a $35\%$ tax rate.Vandell's beta is $1\mathrm{.}55.$ Hastings estimates that if it acquires Vandell, interest payments will be $$1,500,000$ per year for $3$ years. The free cash flows are supposed to be $$2\mathrm{.}3$ million, $$2\mathrm{.}7$ million, $$3\mathrm{.}4$ million, and then $$3\mathrm{.}81$ million in Years $1$ through $4,$ respectively. Suppose Hastings will increase Vandell's level of debt at the end of Year $3$ to $$32\mathrm{.}0$ million so that the target capital structure will be $45\%$ debt. Assume that with this higher level of debt the interest rate would be $8\mathrm{.}5\%,$ and assume that interest payments in Year $4$ are based on the new debt level from the end of Year $3$ and new interest rate. Free cash flows and tax shields are

projected to grow at $4\%$ after Year $4.$

What is the value of the unlevered firm? Enter your answer in dollars. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1,200,000,$ not $1\mathrm{.}2.$ Do not round intermediate calculations. Round your answer to two decimal places.

What is the value of the tax shield? Enter your answer in dollars. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1,200,000,$ not $1\mathrm{.}2.$ Do not round intermediate calculations. Round your answer to two decimal places.

What is the maximum total price that Hastings would bid for Vandell now? Assume Vandell now has $$11\mathrm{.}70$ million in debt. Enter your answer in dollars.