Retro Co. is an American pharmaceutical corporation that produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, etc.... In 2015, it has acquired Pharma Inc., a leading German pharmaceutical corporation. The acquisition costed $1.6 billion and it was made for cash. It has resulted in $623 million cost reduction per year. Assume that the values of both Retro Co. and Pharma Inc. before acquisition were $15.8 billion and $6.3 billion respectively and that the opportunity cost of capital is 14%. 24. If Retro Co. had paid $150 in cash for every share of Pharma Inc., how many shares had Pharma Inc., before the acquisition (approximately)? * 52,666,666 shares 31,333,333 shares 33,246,666 shares 40,833,333 shares None of the above 25. What is the Net Present Value (NPV) of this acquisition? * $4.520 billion $3.450 billion $2.850 billion $12.600 billion None of the above