Question 3: Wild Corporation is in the process of acquiring Tamed Inc. Tamed Inc. has two divisions: food manufacturing and retail grocery. The current number of outstanding shares is 200. a) (8 marks) What do you recommend for the total value of the food division? What about the retail grocery division? b) (7 marks) The management of Tamed Inc. has informed us that the Cost of goods sold for the Retail Grocery division was abnormally high this year due to the temporary closure of one of the local suppliers. We expect a much lower Cost of goods sold for that division in the future. Given this information, what do you recommend for the total value of the food division? What about the retail grocery division? (3 marks) Wild Corporation is offering $92 per share. Given the information in part (b), would you recommend the shareholders of Tamed Inc. to accept the offer or decline it? Why? Serump trace US State of Camp Income (Food Manufacturing Diviste Sales 2,00 Cost of gedeeld 700 Depreca 300 1.000 Interesa 200 Tec NOO T(404) 30 Neflec State of Cancel Grocery Sales 2.500 Castel di sold Depreciation Soo ERIT lateret paid 100 The in son T(409) 300 200 Sales Cestod Depreciation ERIT Interpaid SO 300 USA 20 750 Netlacom Industry Price-to-carnings ratio Price Salesmate Companies similar to Tamed Inc CA. Shop Co. Sunny Co. Raspberry Co. Pasta Inc. Shop WithUS. Peach Perfect Inc. Grocery Grocery Food Food Grocery Food 14 15 185 IX 145 19 5 4 MacBook Air