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Please give the specific process Question 3 5 pts NewCo Inc., has just agreed to acquire OldCo Inc., in an all-cash deal, valuing OldCo at

image text in transcribedPlease give the specific process

Question 3 5 pts NewCo Inc., has just agreed to acquire OldCo Inc., in an all-cash deal, valuing OldCo at an enterprise value of $95 million. OldCo has 3 million acquisition shares, long-term debt (including current portion) of $30 million and excess cash in the amount of $25 million. What is the share price implied by the offer (i.e. how much has NewCo offered for each OldCo share)? $10.00 $15.00 $16.67 $23.00 $30.00

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