The Birdie Golf$-$Hybrid Golf Merger

Input Area:

Cash paid

$$,352,000$;$000$

Sales

Production costs

Depreciation

Other expenses

EBIT

Interest

Taxable income

Taxes $(25\%)$

Net income

$\backslash$table$[[$$$,{2019}_{?},{2020}_{?},{2021}_{?},{2022}_{?},2],[09,600,000,$$$,460,800,000,$$$,512,000\frac{,}{b}ar(000),$$$,576,000,000,$$$,640,000,000$

B

C

D

E

F

G

Styles

C$$lis

Filter Select $vv$

Number

$\sqrt[\phantom{2}]{}$

Editing

Present values

Acquisition of Hybrid

Dividends from Hybrid

Tax$-$loss carryforwards

Terminal value of equity

Terminal value of debt

Total

$$,(276,000,000)$

NPV

Highest price to offer

Price per share offered

Highest share price to offer

New share price

Exchange ratio

Highest exchange ratio