Some help and explanation will be great.

Question II: (30 Points) XEROX(Smm) ACS($mm) A L C= 1,000 D= 5,000 EV = 9,000 E= 5,000 MVA= 10,000 MVL = 10,000 C= 1,000 D- EV = 4,000 E= MVA = 5,000 MVL 2,000 3,000 5,000 = E= $5000 N= 500 shares P= $10/share E= $3,000 N= 75 shares P= $40/share a) The stand-alone MVBS of XEROX and of ACS are shown above all amounts are in millions except per share values. XEROX announces a merger deal paying ACS shareholders $20 per share plus 5 XEROX shares per ACS share. Also XEROX assumes the $2000 million of debt of ACS. XEROX's CEO estimates the present value of net of tax synergies to be $2000 million. Given these assumptions, please determine the post- execution MVBS of Newco (XEROX) and the value per-share of ACS stock, assuming 100% probability of deal completion. Newco A L E= $ D- C= EV = MVA- N= shares E MVL = P=$ share Value per-share in merger to ACS stockholder = $ share Question II: (30 Points) XEROX(Smm) ACS($mm) A L C= 1,000 D= 5,000 EV = 9,000 E= 5,000 MVA= 10,000 MVL = 10,000 C= 1,000 D- EV = 4,000 E= MVA = 5,000 MVL 2,000 3,000 5,000 = E= $5000 N= 500 shares P= $10/share E= $3,000 N= 75 shares P= $40/share a) The stand-alone MVBS of XEROX and of ACS are shown above all amounts are in millions except per share values. XEROX announces a merger deal paying ACS shareholders $20 per share plus 5 XEROX shares per ACS share. Also XEROX assumes the $2000 million of debt of ACS. XEROX's CEO estimates the present value of net of tax synergies to be $2000 million. Given these assumptions, please determine the post- execution MVBS of Newco (XEROX) and the value per-share of ACS stock, assuming 100% probability of deal completion. Newco A L E= $ D- C= EV = MVA- N= shares E MVL = P=$ share Value per-share in merger to ACS stockholder = $ share