Tech Innovations Co. is evaluating the acquisition of a smaller competitor to expand its market share and product offerings. The acquisition target has an estimated value of $10,000,000, and Tech Innovations Co. plans to finance the acquisition through a combination of cash reserves and debt financing. The company's cost of equity is 12%, and the cost of debt is 6%.

Conduct a thorough valuation analysis, including discounted cash flow (DCF) analysis, comparable company analysis (CCA), and premium paid analysis, to determine the fair value of the acquisition target and assess the financial impact on Tech Innovations Co.'s shareholders and stakeholders.