Is the "premium over market" of Mobil (26,4%) high?

2  Is it possible to have (for Mobil) cost of equity lower (than for Exxon) and cost of debt of Mobil higher than of Exxon?

3  Do you agree with the (market) values as weights for the wacc calculation?

4  Is the Terminal Value correctly calculated, eg discounted for 11 and not for 12 years?

5   Which number of shares are used to calculate the share price after the merger?

6   What is the difference in approach between the DCF Formula Valuation and DCF Spreadsheet Valuation?

7   Explain the negative and positive elasticities for the different changes. Is this sensitivity analysis useful?