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Question 11 DIY equity is worth $510 and has 112 shares outstanding. Target has equity value of $408 and has 50 shares outstanding. DIY acquires

Question 11 DIY equity is worth $510 and has 112 shares outstanding. Target has equity value of $408 and has 50 shares outstanding. DIY acquires Target with an exchange ratio of 2.45 shares of DIY for 1 share of Target and believes the combined value is $1,126. What is the NPV of the acquisition?

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