Q10 to Q16 are based on the following information: You are leading a team on a M&A deal. Suddenly your analyst has disappeared and you have the following unfinished spreadsheet. The acquirer and the target are assumed to have zero growth. Now it is up to you to finish this job. 400 100 Operating 200 260 Annual cost savings EBIT EBIT(1-t Depreciation 21? ?2? 2?? ?2? 40 120 24 40 10 Working Free Cash 120 19 22? Flow to Firm Discount rate Firm Value 8% 237 450 8.00% 9% 1500 211.111 400 1100 161.111