You are among the team negotiating for the acquisition of company X. The purchase price that has been offered to the team is K50 million. The cost of equity for company X is 15% and cash flow in the preceding year was K5 million this cashflow is projected to grow 11% in the current year and then at a constant 6% annual rate thereafter. Estimate the value of company X and Advise on whether the team should accept the offer or not