Arisma Co. is thinking about acquiring Bubta Co. Arisma hired you as an analyst to evaluate the valuation of Bubta. In the table below are some of the information for a baseline analysis that you have collected. Steady state is assumed to be reached at year 5. Please use perpetual growth model to estimate terminal value. Revenue Estimated Year o $ 9,152 Revenue Growth rate 7% Sales/PPE 2 COGS/Sales 50% NWC turnover 5 Depreciation/PPE 15% Tax rate 40% Terminal growth rate 2.6% # shares 500 Debt value $ 10,000 Arisma's WACC 6% Bubta's WACC 10% You also learnt from Arisma that synergy benefit is expected to be reached the merger is expected to make the operations more efficient and result in a per year cost saving of 15% of revenue. Please estimate the value per share of Bubta to Arisma's shareholders (this is the same as asking you to calculate the implied share price of Bubta with synergies benefit). Note, there is no need to fill in the box below. Please simply attach your excel sheet that includes all the analysis that show your calculations. Please keep all the formulas so that can see where the numbers come from and give von martial credit. You may