It can be argued that Mergers and Acquisitions can constitute the largest capital budgeting project for firms interested in achieving growth. 1) Discuss the types and reasons for Mergers and Acquisitions, and explain the three major steps of the process? 2) What are the main sources of synergies that can be achieved in mergers? Explain and illustrate with possible examples. 3) Outline the valuation methodologies that are normally used in mergers