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TargetCo is currently trading at $50 per share on the New York Stock Exchange. BidderCo has hired you to complete an AVP analysis. Based on

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TargetCo is currently trading at $50 per share on the New York Stock Exchange. BidderCo has hired you to complete an AVP analysis. Based on your work, you have determined that a 30% premium is appropriate for TargetCo. TargetCo has $5B of debt and $500M of cash on its balance sheet. If TargetCo has 200M fully diluted shares outstanding, what implied transaction value would you recommend for a Bidder Co-TargetCo deal? $13B $19B $17.5B $15.5B

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