please help on value of Equity and Share Price

Happy This inc, wants to purchase privately heid Joe's Party Supply to expand in parfy stores Happy Tmes tras outstanding debt with a cap a 5340 minan ind the requared return on equhy is 11 . Joes curenty has outsema na det with a market value of 326.5 mation. The Ear for does neal yor sroceled to be 510.3 mition. EBrt is erpected to grow of tos por it for the ned five years before stowng depreciation as percentspe of 1t. 1 are expected to be 94,15%, and as, respectively. Jee's has 1.05m inan thares outstanding and the tox falle for boen companies is 21%. Eased and these estmates, what is the miemum price ffat Happy Times should ber a ing to pary for Joels? (200 pts.) Happy This inc, wants to purchase privately heid Joe's Party Supply to expand in parfy stores Happy Tmes tras outstanding debt with a cap a 5340 minan ind the requared return on equhy is 11 . Joes curenty has outsema na det with a market value of 326.5 mation. The Ear for does neal yor sroceled to be 510.3 mition. EBrt is erpected to grow of tos por it for the ned five years before stowng depreciation as percentspe of 1t. 1 are expected to be 94,15%, and as, respectively. Jee's has 1.05m inan thares outstanding and the tox falle for boen companies is 21%. Eased and these estmates, what is the miemum price ffat Happy Times should ber a ing to pary for Joels? (200 pts.)