TCO E) Using the Discounted Cash Flow method and the formula approach (9.3a, p. 248) of the textbook, calculate the maximum price that should be paid for a target company Oxford Corporation. Note that this company has 5 years of supernormal growth and then no growth. (15 pts. for PV of operating cash flows, and 15 pts. for the PV of horizon value.) Given information re Oxford Corporation (all $ Amounts in Millions): Ro: Initial Year Revenues: $1,000 n = Number of growth years: 5 m = Net Operating Income Margin 15.0% T = Tax Rate 40.0% g = Growth Rate 18.0% I = Investment Rate 8.0% k = Cost of Capital 9.84% h = Calculation Relationship = [(1 + g)/(1 + k)] 1 0.0743 (Points : 30)