Value choices for 1: 18.23%, 15.62%, 13.80%, 15.06%

Value choices for 2: $171.05 mill, $149.97 mill, $608.50 mill, $164.44 mill

Value choices for 3: $142.61 mill, $171.13 mill, $114.09 mill, $185.39 mill

Western Gas \& Electric Co. (WG\&E) is considering an acquisition of Mammoth Pictures Inc., and estimates that acquiring Mammoth will result in incremental after-tax net cash flows in years 13 of $13 million, $19.5 million, and $23.4 million, respectively. After the first three years, the incremental cash flows contributed by the Mammoth acquisition are expected to grow at a constant rate of 4% per year. WG\&E's current beta is 1.60, but its post-merger beta is expected to be 2.08. The risk-free rate is 4.5%, and the market risk premium is 6.60%. Based on this information, complete the following table by selecting the appropriate values. (Note: Round your intermediate calculations to two decimal places.) Mammoth Pictures Inc. has 4 million shares of common stock outstanding. What is the largest tender offer Western Gas \& Electric Co. (WG\&E) should make on each of Mammoth Pictures Inc.'s shares? $28.52 $35.65 $42.78