Maya Limited, a software development company, is considering acquiring Nico Limited through a share exchange. The merger is expected to lead to economies of scale, resulting in an additional value of R$24$ million. Both parties have agreed that the acquisition will be structured as an exchange of $1\mathrm{.}4$ shares of Maya Limited for each share of Nico Limited. The following data regarding the two companies is provided: Company N umber of Shares P rice per Share E a rnings After Tax Maya Limited $18\mathrm{.}8$ million R $32$ R $26$ million Nico Limited $13\mathrm{.}2$ million R $28$ R $19$ million Required: $1\mathrm{.}1$ Calculate the total combined value of the two companies after the proposed acquisition. $(3$ Marks$)1\mathrm{.}2.$ Determine the total number of shares that will be outstanding after the acquisition, based on the agreed exchange ratio. $(2$ Marks$)1\mathrm{.}3.$ Calculate the estimated post$-$acquisition market price per share, rounded to two decimal places $(2$ Marks$)1\mathrm{.}4.$ Assess whether Maya Limited$$s shareholders are likely to be satisfied with the post$-$acquisition share price, and explain why. $(2$ Marks$)1\mathrm{.}5.$ Calculate the gain or loss per share for Nico Limited$$s shareholders as a result of the acquisition. $(2$ Marks$)1\mathrm{.}6.$ Calculate the implied purchase price of Nico Limited, given the $1\mathrm{.}4$ exchange ratio. $(3$ Marks$)1\mathrm{.}7.$ Compute the net present value $($NPV$)$ of the proposed acquisition, taking into account the additional value created $.(4$ Marks$)1\mathrm{.}8.$ Determine the acquisition premium paid in the transaction. $(3$ Marks$)1\mathrm{.}9.$ Calculate Maya Limited$$s earnings per share $($EPS$)$ both before and after the acquisition, assuming the combined earnings after tax will be R$35$ million post$-$acquisition