Required: 3.1 Calculate the value of Rolan to Tiyano. (Hint: You need to calculate Rolans Earnings Per Share, Price Per Share, Dividends Per Share, Required Return and Envisaged Return). (14) Page 4 of 4 3.2 Calculate Tiyanos gain (if any) from this acquisition. (3) 3.3 If Tiyano offers R145 in cash for each of Rolans shares, what is the Net Present Value of this acquisition? (3) 3.4 If Tiyano offers 10 000 shares in exchange for all Rolan shares, what would the Net Present Value be? (