WACC = 12.85%

1. Calculate and present the valuation of the two target companies to acquire.

2. Quantitatively discuss the comparison of the two targets.

Table 2: Free Cash Flows (Thousands of US Dollars) of Maple Aviation Year Free Cash Flows ('000s of US$) 1 320.00 2 400.00 3 480.00 4 and thereafter Grow at a constant rate of 6% Table 3: Free Cash Flows (Thousands of US Dollars) of Das Flugzeug Year Free Cash Flow ('000s of US$) 1 550.00 2 720.00 3 and thereafter 910.00 each year indefinitely