Company B (bidder) just completed a M&A project and the target was Company T. This project was an all cash deal. Prior to M&A, Company T had Long term debt outstanding of $450.

The balance sheet for Company Bpriorto M&A was given below:

Current Assets = $100 Current Liabilities = $60

Fixed Assets = $1200 Long Term Debt = $550

Total Assets = $1300 Equity = $690

Total Liabilities and Total Equity = 1300

The balance sheet for Company BT post M&A was given below:

Current Assets = $140 Current Liabilities = $85

Fixed Assets = $1950 Long Term Debt = $1285

Goodwill = $150 Equity = $870

Total Assets = $2240 Total Liabilities and Total Equity = $2240

What was the total cost to Company B to consummate this deal?

How much additional L-T-D must be issued to finance this project?