Fly$-$By$-$Night Couriers is analyzing the possible acquisition of Flash$-$in$-$the$-$Pan Restaurants. Neither firm has debt. The forecasts of Fly$-$By$-$Night show that the purchase would increase its annual aftertax cash flow by $$340,000$ indefinitely. The current market value of Flash$-$in$-$the$-$Pan is $$9$ million. The current market value of Fly$-$By$-$Night is $$19$ million. The appropriate discount rate for the incremental cash flows is $8$ percent. Fly$-$By$-$Night is trying to decide whether it should offer $40$ percent of its stock or $$13$ million in cash to Flash$-$in$-$the$-$Pan.