Sto Hard Holdings Co. (SHH) is considering an acquisition of Pirtucon Co., and estimates that acquiring Pirtucon will result in incremental after-tax net cash flows in years 1-3 of $14.00 million, $21.00 million, and $25.20 million, respectively. After the first three years, the incremental cash flows contributed by the Pirtucon acquisition are expected to grow at a constant rate of 3% per year. SHH's current beta is 0:40, but its post-merger beta is expected to be 0.52. The risk-free rate is 5%, and the market risk premium is 7.10%. Based on this information, complete the following table by selecting the appropriate values (Note: Do not round intermediate calculations, but round your answers to two decimal places): Value Post-merger cost of equity Projected value of the cash flows at the end of three years The value of Pirtucon Co.'s contribution to Sto Hard Holdings Co. (SHH) Pirtucon Co. has 5 million shares of common stock outstanding. What is the largest tender offer Sto Hard Holdings Co. (SHH) should make on each of Pirtucon Co.'s shares? $64.86 $81.08 $97.30