Feid AG is a lorge size manufactunny anpany located in North Germany with 3 strategic business unit; household erectunics , houstrial consumation essen & pistic Injection machnes. Afted an intensive strategic analysis the company decided to pursue external sustess gowth through MSA. 2 acglisition canditates have been selected for the final round. The German electronic equipment moule elurer METER & the French logistic service provided speaked for e-commoce eLoG. Both componds have showed a health development 4 god business Dehr more in the last year for MEIER the M&A experts ave worked out free cash flow plan with a planning period of 5 years the inina investment in the first year amounts 22 milt. The repital cost WACC is assumed at RE 7.5% & the average annual growth rate of free cash flow after planning penod at 10 % . Based on these darta an enterprise uolue EU = 77.umit. has been calchicted. For elog only a 3 years free cash flow plan can be forecasted because of the substantial higher Machet dynamic. The nitici investment in the first year amounts 33 miit. The capiol cast wACC is assumed at 7.676 and the average gourth role of free cash flow after planning peaud y.sul Based on these dada an EV: 50.2 milt has been Calcuicted? Only one candidate canbe selected, which conditch would you prefer Expich the reason of your choice. FELD AG is a large size manufacturing company located in North Germany with 3 strategic business units: household electronics, Industrial automation system and plastic injection machines. After an intensive strategic analysis, the company decided to pursue external business growth through M&A. Two acquisition candidates have been selected for the final round. The German electronic equipment manufacturer MEIER and the French logistic service provider specialised for e- commerce elog. Both companies have showed a healthy development and good business performance in the last year. For MEIER, the M&A experts have worked out free cash flow plan with a planning period of 5 years. The initial investment in the first year amounts 22 mil . The capital cost WACC is assumed at 7.5% and the average annual growth rate of Free cash flow after planning period at 1.1%. Based on these data an enterprise value EV=77.4 mil has been calculated. For eLOG only a 3 years free cash flow plan can be forecasted because of the substantial higher market dynamic. The initial investment in the first year amounts 33 mil . The Capital cost WACC is assumed at 7.6% and the average growth rate of Free cash flow after planning period 4.5%. Based on these data enterprise value EV=80.2 mil has been calculated. Only one can candidate can be selected, which candidate would you prefer? Explain the reason of your choice