Narnia Enterprises is considering an acquisition of Astan Inc, motivated by the possibility of synergy. You are given the following estimates for key numbers the two furms (with all dollar values in millionsk Nama Aslan EBIT (1-t next year $192 $41 Expected Growth Rate in perpetuity 2% 2% Book Value 1.600 500 Cost of Capital 8% 8% After the merger, Narnia believes that it can sell Aslan's distribution system for book Value of $100 mill. The Division is expected to have an after tax operating loss of $10 million next year. By divesting this division, Narnia will relieve itself of the operating loss. The divestiture will not affect growth or cost of capital. Assuming that both companies were fairly valued before the merger and that Narnia paid a 50% premium (over market value) to acquire Aslan How much value did this merger create or destroy for Narnia's stockholders? Narnia Enterprises is considering an acquisition of Astan Inc, motivated by the possibility of synergy. You are given the following estimates for key numbers the two furms (with all dollar values in millionsk Nama Aslan EBIT (1-t next year $192 $41 Expected Growth Rate in perpetuity 2% 2% Book Value 1.600 500 Cost of Capital 8% 8% After the merger, Narnia believes that it can sell Aslan's distribution system for book Value of $100 mill. The Division is expected to have an after tax operating loss of $10 million next year. By divesting this division, Narnia will relieve itself of the operating loss. The divestiture will not affect growth or cost of capital. Assuming that both companies were fairly valued before the merger and that Narnia paid a 50% premium (over market value) to acquire Aslan How much value did this merger create or destroy for Narnia's stockholders