Please just do E. Thank you.

11. Stock versus Cash Offers. As financial manager sible acquisition of Salome. You have the ba SNPV under the stock offer? Offers. As financial manager of Britwell Inc.. you are investigating a pos- on of Salome. You have the basic data given in the following table. You estimate wat investors expect a steady growth of about 6% in Salome's earnings and divide management, this growth rate would be increased to 8% per year without the need for addi- tional capital. (L021-2) Forecast earnings per share Forecast dividend per share Number of shares Stock price Britwell $5.00 $3.00 1,000,000 $90 Salome $1.50 $0.80 600,000 $20 a. What is the gain from the acquisition? b. What is the cost of the acquisition if Britwell pays $25 in cash for each share of Salome? c. What is the cost of the acquisition if Britwell offers one share of Britwell for every three shares of Salome? d. How would the cost of the cash offer change if the expected growth rate of Salome was not changed by the merger? e. How would the cost of the share offer change if the expected growth rate was not changed by the merger? Coins Immense Appetite Inc. believes that it can acquire Sleepy Industries and uue of Sleepy will increase by $5 million