merger analysis (FCFE) approach - help!

Scorecard Corp. is considering an acquisition of Rapid Route Logistics Scorecard Corp. estimates that acquiring Rapid Route will result in incremental value for the firm. The analysts involved in the deal have collected the following information from the projected financial statements of the target company. Rapid Route is a publicly traded company, and its market-determined pre-merger beta is 1.00, You aiso have the following information about the company and the projected statements. - Rapid Route currently has a $24.00 million market value of equity and $15.60 million in debt. - The risk-free rate is 3.5% with a 5.60% market risk premlum, and the Capital Asset Pricing Model produces a pre-merger required rate of return on equity rA. of 9.10%. - Rapid Route's cost of debt is 5.50% at a tax rate of 30%. - The projections assume that the company will have a post-horizon growth rate of 5.50%. - Current total net operating capital is $104,0 million, and the sum of existing debt and debt required to maintain a constant capital structure ot the time of acquisition is $32 million. - The firm has no nonoperating assets, such as marketable securities. With the given information, use the free cash flow to equity (FCFE) approach to calculate the following values involved in the merger analysis. (Note: fround your answer to two decimal places.) The estimated value of Rapid Route's operations after the merger is than the market value of Rapid Route's equity. This means that the wealth of Rapid Route's stareholders will if it merges with Scorecard rather than remaining as a stand-alone corporation, True or False: The horizon value in the FCFE approsch is different from the horizon value in the adjusted present value (APV) approach, The horizon value in the FCFE approach is only for equity, whereas the horizon value in the APV approach is for the total value of operations. True False