Question: M&A: You are evaluating a potential takeover target. A junior analyst on your team provided the target FCFF forecast below. In addition, you have information

M&A: You are evaluating a potential takeover target. A junior analyst on your team provided the target FCFF forecast below. In addition, you have information about the target's debt, interest expenses, tax rate, and unlevered cost of equity.
Q11 Estimate the Enterprise Value of the target firm based on its free cash flows and interest tax shield (i.e. use the CAPV method)
Q12 Estimate the target's per-share value
Q13 As an analyst for the acquirer, what's the maximum you would recommend paying for the target on a per-share basis?
SHOW WORK HERE, HIGHLIGHT FINAL ANSWER IN YELLOW
M&A: You are evaluating a potential takeover

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