Question: The below homework question is from the BIRDIE GOLF case study in the Corporate Finance book (11th Edition) page 921: Please provide at least two

The below homework question is from the BIRDIE GOLF case study in the Corporate Finance book (11th Edition) page 921:

Please provide at least two or three sentences in answering the question. SHOW ALL CALCULATIONS. Thank you.

4. What is the highest exchange ratio Birdie would be willing to pay and still undertake the merger?

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