When a merger takes place between two companies to form a single firm, the target company to operate as a seporate identity. Consider the following scenario: Zlfy Corp. is considering an acquisition of Keedsler Motors Co4 and estimates that acquiring Keedsler will result in incremental after-tax net cash flows in years 13 of $8.00 million, $12.00 million, and $14.40 million, respectively. After the first three years, the incremental cash flows contributed by the Keedsier acquisition are expected to grow st a constant rate of 30 per year. Ziffy's current beta is 1.60, but its post-merger beta is expected to be 2.08. The risk.free rate is 5%, and the market risk premlum is 7.1096. Based on this information, complete the following table by selecting the appropriate values (Note: Do not round intermediate calculations, but round your answers to two decimal places): Keedsier Motors Co. has 3 million shares of common stock outstanding. What is the largest tender offer Ziffy Corp. should make on each of Keedsler Motors Co.'s shares? $19.98 529.97 $29,96 $24.97