ll. ABC Company has 2,000,000 million shares currently outstanding, a 40% target capital debt structure, and a debt cost of 10%. Assume a risk free rate of 6% and a market risk premium of 8%. ABC is at the 40% tax bracket. ABC has a 1.7 Beta. If ABC acquires Acme Co., interest payments will be $2.2 million per year for 3 years, at which time the 40% target capital structure will be obtained and maintained thereafter. Interest in the 4th year will be $1.75 million after which the interest and tax generated shields will grow at 4% per year. ABC's free cash flows will be $2.8 million, $3.2 million, $3.8 million, and $4.4 million in years 1-4, after which the cash flows will grow at 6% per year. Find: the unlevered value of ABC and the value of its tax shields, and the maximum price per share that ABC would pay for Acme Co. Assume that Acme currently has $11.3 million in debt