Question: Provide full calculations and explanations for all questions. Please do not use excel to answer. 05] Toyota Motor Corporation has 1 million shares outstanding. The

Provide full calculations and explanations for all questions. Please do not use excel to answer.

Provide full calculations and explanations forProvide full calculations and explanations for
05] Toyota Motor Corporation has 1 million shares outstanding. The firm is planning to merge with Jack Hammer Corporation with 1.5 miion shares outstanding. The market pliees for Toyota Motor Corporation and Jack Hammer Corporation are $29 and $18 per share, respectively. The merger could create an estimated savings of $3Dil,li annua'f for the indenite future. Toyota Motor Corporation is willing to pay 52D per share for Jack Hammer Corporation, and the appropriate cost of capital is 5%. Based on the given information, please answer the following questions: a} What would he the present value of the merger gain? [1 Point] b} What would be the cost of the cash offer? {1 Point] C} What would he the \"pg of the offer? {2 Points] \f

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