Business
Business, 28.08.2019 19:10, vanessafalcon1198

The owners of arthouse inc., a national artist supplies chain, are contemplating purchasing craftworks inc, a smaller chain. arthouse's analysts project that the merger will result in incremental free flows and interest tax savings with a combined present value of $72.52 million, and they have determined that the appropriate discount rate for valuing craftworks is 16%. craftworks has 4 million shares outstanding and no debt. craftworks' current price is $16.25. what is the maximum price per share that arthouse should offer?

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The owners of arthouse inc., a national artist supplies chain, are contemplating purchasing craftwor...

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