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What is the maximum price per share Belmont Co. should pay for Cilla Co. based on the following data for Cilla: PV of future cash

What is the maximum price per share Belmont Co. should pay for Cilla Co. based on the following data for Cilla: PV of future cash flows $900 million, 50 million outstanding shares, no debt, and discount rate of 10%. Cilla's current stock price is $20. What is the maximum price per share that Belmont should offer?

$16.36
$18.00
$40.91
$45.00

None of the above

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