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Hastings estimate that if it acquires Vandell, interest payments will be $1,500,000 per year 3 years, after which the current target capital structure of 30%

Hastings estimate that if it acquires Vandell, interest payments will be $1,500,000 per year 3 years, after which the current target capital structure of 30% debt will be maintained. Interest in the fourth yeatr will b $1.472 million, after which interest and the tax shield will grow at 5%. Synergies will cause the free cash flows to be $2.5 million, $2.9 million, $3.4 million, and $3.57 million in years 1 through 4, respectively, after which the free cash flows will grow at a 5% rate. What is the per share value of Vandell to Hastings Corporation? Assume that Vandell now has $10.82 million in debt. ** Please show me how to get the answer, thank you. **

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