Take exact facts of merger deal of AT&T and Time Warner (2018). Now compute deal structure and do these valuations:

1. Net economic benefits

2. Net Cost of Merger

3. Net economic benefits

4. NPV to target

5. NPV to acquirer

6. type of deal: cash or stock?

7. If it is a stock deal, then No of shares to be issued

8. Calculate pre-merger data valuation of target using FCFF, Free cash flow and terminal value.

9. Also calculate Beta of Unlevered Beta of acquirer/target, then combined UL beta, then levered beta. Then WACC of deal, etc

10. Synergies of the deal