T 0 yh | yor” ve ) vid Ud is Rid. vablodung (We hans. 4 f.6 ax Ayaan tothe. Sundigh Lid, The. finanual dasa. bud got J). | Pov tulats Videah Lid. Swadesh Ltd | EPSCeonumg be shane) 5 fs 6 | Maxket —ftuice we -—.D—UmUrt—COUGC (i. 0 i | No—of Shane 10,00, 000 4,00, 000- | there 5 = “auepted Sy Ly 4 Sh “te Widest Lid. Habe wilh yous —acquute do fel —ouk shal. _¢auhaaige | sult an __angst — sneage — Elsa A _fos—idash Lh = — Af shat — + |b ep po ae = $00.00 — — —— Tie 000 5) 15 xa | -— ng 40, 00,000 — , ll alae of turning ~ 0,00, 000 2 40, 00, To i + 5-4 jan— | ~ | == =— = —_—— _ __—— —_—— joy | Ex sosio aie _M ps 6 Cio + gL) = 44,50, 000 = ss tA,ool + Ygl x 18h: = 94 So000 Yee % = BY G0, += 2th oop 000 “20: 4g 4, 50, 000 ‘ 7 } 4g. 00, 000 | a xchange satin [i a 14 50, 000 ~ 60,06, 000 ~titeland dhe gece. below Tnlexmatonall Wakionat —fo-Sinoyatton __ a everaron _ 6 9. h2 fy 20 Gi Blo ae 1,00, 000 Pi— There ib Mo gain Matio uff Harse faxctitu lars Pali the omingin had will Le epost Cmuriger CPs of Tntornahonal aminny Fnlemnatamah | atianal Fast S-openanam | Cy-arfiotahan. morgen STE Sri Ree ao: z Marke fice pox shane | _y 9 zt Re 12 a Shots 400,000 | _} op 000 EEE Ee ead cmneipen. Hi 7 «: Heenan BEES ese eee ae ee oe ee [ieee | __2,08.000 | 400000 a t Gaim SE SE eS eee eee eee EEE 7 EES ge See EEE EE fF Ps = Total eee — Soa EEE EEE Total No. h shares eos deapee _ 400000 + {00000 _ 26( 00000 + jpnae0 x) = Yo0000 BEECH EHEHEeeEeee rn 250000 + 250000% = 49000 250000 2 = 00009 - 250060 == = See ee eet Xt = 245 9900- FESS SESS IS Bie gete ei erate BEE 25eeeo 7 ES Set [x= 0.6 CSS ST Z aT ef thin offer fo Matignal co. enparation of — _ntexmahamak — co- enw — Mebor poco nanan! = 0:6 £ loowoq pay Ct eH SE EEE ELEEEEEL =_ 60,000. ot Eee So ot# | _ pa | GUIARAT TECHNOLO . Splfabus for Master of Bosiness \ Tass: See 3). “oe +Winy, rf _ Hany, A 1 i C M - F © OMrayy ; Po. 4H Boa va Pett pA la haa EPs hag A 4 Vy Date (omg, : “{eke} fice p a4 faery & Ay et eX Shane & ho E oa Shakes '8 Rig . 2000. — ee Yang / Munket Prive fon Shane fig Oe | Total Market Value 90,000 a4 oon 7 ] brie casmmg = Makes jalue = % 900 24,090 | waho £5 ae 4g, 000 400 aa : 1 _ ee | _ what a = + - cerspastyg A Company B = a 3 | - ) 2000. | - : - 2 Yoo X2 = 1333 dis, G shakes : 3. eo ne Api * ee - “otal Nessa: shares off es onuger : 26000 + 1334 = 6333|—Portilars —_ pEAL No. af eauuity —thases Oudbs baad ing Masket 4fUULE flow ghasie het 43 the iste Catimg —_sabic uhat ib He What 4, the 40% Lath compomy 7 EPs of Xy¥z 15,00,000 | Marked brice tex shane Wamds Jo anise ABo 4) \Shasws fox ABC 130 t e Sushong LE satio to sulevant Framed de geven_Lielows. | exchamge Hato Uthat 4s__the Capected the _mengere . Past exlase. XYZ Ltd, ex chasngamng XYZ" Lf !5.00 000 3,04 000 —_£3. 35 You aye Steg uikod te -Labtnta te 7 Munger _F P'S and Ace Bac tit 4, 58 900 75,000 Ho Rs, onhtpaled tp the. Tengen the. ae ee ABc Lt+d 4,60, 200. 75 000 Rs. 4o om 19,50 oboES E'' a 4 luhat is pre- omerger C08 fox Lot Caatiflanay EPs = | Jotae Casonun, Ox EAT Fetal vo. of ° Sutstamding shores *YZ = 19 00 000. * Ri. 5 fun shone 3,006,000 ABe = 150000. fe: 6 pon shane +5000 t 2) Wo. of shases Offer: to ABC - Lid Shasiehelden | A@c Lid — XYZ Ud. | i Lé | 45000" + a fy 22 46009 xb chbvon. | = 120000 Shares | |New EPs alten acguishons | sete | EPs = 19,60, 000. | 420 000 _ = ey fe Shave robe uid tien = Price _eaxnimg ato _fhofane aay “"rning Outcomes: Wien = 3)oe a _ a jnananse “Satie La tied om Manhet_ wut,4 5). LA Ud Want , Jo eae T Ud lu Cathang, + 0.5 — shaves aay eVory Share 4 Tug + 1) the teCevant- franuat ria We given) Lula, + LL Tid + aa (eurmung offer tas). 18,0000. 4,60, oop ——,a0dstamdng. uty share 00, 000 ea 00g. t L EPS fo. 3 See thane 3 fy = 1 LE Satie to i Eerie | amar | 1me4 ; 4 times Pais ! cS axe Sequined to_find) Be = bya a dhe tna ‘of equaty Ahawtes iad Th i eats af ate ayier ooo What yy the‘ oajiecteal Mantel fure uy | = the aug stion _ Total _nasthed — Value ¢ New Cota : ) Find? segues | Paxton Aud os | EAT 18, 00 000 3 40,000 21 60,000 4 —shaseey. a 6,00, 000 _ 1, 80, 90 . 0s : b32 R52 SHE MUPS — & 30 yy4)_ Me “ cauity ene Mauve fn ao. fk danshon of Tld a Ald t shane 0.5 {$0000 Q) ‘ ' The _exfected man het fire fax shave a A ltd. Often the acanistiom . cama, = Exteded marke asice = EPs Pee eenming Nahe Seo ase a Se oe a ceasePo _\Xy¥2 uu Pay 0:5 4. ts Shanes fo. he Ly them, The data 4 two Company ane guuen. Pahoa. XYZ wrnany. PR G@mpamy- _ Pout offen Tax (ear) _"Ggainaan 3.0, 00,000. - Woof _Dhaxes a 26,00, 000. §00,000. keg Bo 3 Maxkel puuce for shone a Fe fs 33.45. — elm 3 homes - i ee \ | \ | 2 0, = oie — ye eng 2 1$p00 990. = &. 6 fie 2 ommany is Ste acque ping FOR _comoamy owl of 7 Pe Lid fea tht |Yau ‘ate _Heguited “fe _tallalae Eb after merger It Pe yatio falls 40 12__aften the _Anengin. — Us We amanket ——_posuce. ee ee _ a + om tea te abil KX 4B _—— { a. TT lets + 5 Total € COPY atl nat sha _26,00,000 ______— + a ae a foo,o00 ee Leis auqlt Or casing aftert ewig. 2 000000 + 30,00,000. A iseeveae es /$0 jekhy! 4) ot fen Amwigere E 2 Heth “hos F teh open Bay e See ee gee Perera eee ‘ 0S c - 4 : 7 : ee - () snes | 800 090. fats a a = $00 009 x 0.5 fo a = 4,00,000 Ahate thle to fk Uf — Mantel pute afte merger Tolal aS, Owldandling Shares afte merge = 25.00 doo + 4,00 000° = 24, 00,000 — ie eae oe EP = I$oeno00 2 6.21. 24,00,006 $ ‘© Els x pice eayminy Xaho 2 62l K ie 4 panOutcome C Environment and 2(BEDK’ ning Oute the role of ba ‘yaluate E awe } | The fellousng ajo.” 1 —gantn: for company A | | Company | | Puchuuls Gnparg A (eat ; Yo, c00 uo. of aubtandiny cquily shaw 20,000 i. _— 4 PE suse — __ lo Moshe prtie_pur Ghise oS Lomtony j_—_Laqastig — Conon 6 ane. fob eur 4.6 abate : A eectept —auiedt [game oad —_—_Ceveuonsnaf —" eta ‘Same earning PE statin Oh : 14 , sug Lut ad {oqo do. ad f ran Vio qe ; i amarkes pute te (jh) |tubet pte wie (w | tuhat ao the flat ; dy he How myth ga ash ot —** | “ e __auls— of : [fwd _Lompas| —“ta Ne. of ws adigy a oe > 14900 “yoo 4 3,5” ' 25000 | | Efs ; Mie. omuger. » fetal L044 Mattet pute = © ffs x tle sae. - 1 X Io a = Mawk LX bole NO gf ahaxyg |: vt 2.41 x 29000 > Tt ) _| = 14,8900 ! ‘ oo a a et te se ft ning M T = L 0. is: | Mankot alue Aor Ono tie ~ = 2ow0 X.f5 Jo = Macvo Bud? 4600 x he 40 = 40.000 Ms 130.0000 - T - 7 : 4900 + - Gin te shoe = tla gan el ind shy‘a 4 Tee {ake cue Tha Pate chemial Hd. the \ \¢ alder % Tithe won't Hewye 28 Shanes of *) fine —Led fet ted hanes "held 4 them. The ‘ fees 3 ——Mat___ enepecte,d 4 Cighomic af Stale amd | OMeNaton, the 4betamt data fu 490 empamum We | Particulars Dama. Tithe Lid jMet cabts. (im cx). 935 ug Prep fey dawn oe 58 12 peaf shares _ ig s i ae ES Se gs a iL Maukel pwc, fon thane acest 26 fle wasio tt iat | + | st a oo a 1 ine ane Heyuned to fed. Bit { -t) {Me o_o Shute _offsted Iota id -chaseheldas. +4} | Total bef —_tombsimed share ey — eee + eee = cee — + + ie 4 Shanes fond Jo the [ome Ti a | : 0.2 - Si aoe | (3) 3,00, 00, 090 sui = 3,00,00,000 X O.8 is Sun boahl #2,40,00,000 -Ahhgen’ wou) sf Talal y“ahores br nergese. a = 12,00,00,000 + 2,4o Op 000 £1440, o@,000,a Combiner tL deve ps Weft alter _amenger. “Fach of arma 4 Pret f * 58 00,00 000 + 12,66 60 ooo : 40, 00, 00, 900 Tithe Ly offer. exer = Toda carn Total No autssandivy shares, <*_40 00, 00,000 14,40, 00, 060. = 496 ) {Black Cerpeny ‘plan do drpyine: wehbe kent, — the elev ant foanual _~ dyfacls nA tug Great [Bem 4 the Tuy __anmoumceriumt 9 ane —yessen | - a - Parvtiaders , Black & Pr alts ——_ tude ir Marked pce fox price Fo — _ of Oulstand shoes 260 Million 15 Millon the Weg A onpettecd fo gimixate gaty which hae ge pebemt Value -of “wo Hillign.. The je Hehe datud 05 vor ay sequiud, nd aut had the tive pad Ana begin. tht Wew _Agint of (, net i / hock ke Company. iae [ fasent valle, ef Bak ke. afer meget. a Sharehaldises 4 whe kc. will neaive shane of Black bo. Exchange Satio = 0.5 “Mo 4 audstanding shaves af while ko’ - 15 anilbion Ne_of Shaves’ Ofir to white k@. = Sanibon x 05 _| = 4.5 ellen Total ty of combined shana Hex _anerger, = Jo million + 14.5 miffien £245 million _ _= ie. Bhos uhife, & © I Tita def Gb shat . - = 4.5 wihon = 23.8 will Co hee) + (ismiliron x 32) + 200 rlbon = Yeo anion + 480 million 4 200 lon 2 20%0 willion Cost of amwrge. 7 {vx q = (at of wivde k fo. 22080 y%-0.23 = Cbs Million xc sdhsar (¢ Bs 5. omilfien i *— ‘| OSE St imhillWI AA Htlinaut § See Feet era, ¢ fas ¢ 266,006 [ hiewefe Rs. 4 Million pik ee her, Sequined 7 fie the anergen ATu_questhen } ame | te} Aj flan to cequne Teck company. The = tenancad dota. 4 Iwan tors amies peven - | ammouncment ane gwen below. | 1 Pasch eulars Ajit _comtamy 1 Mast —grice furs haste @s. bo Ab 4 share 300,000 |The amexgen is. “expethed 40 Lximg __gaims ltuhich “pave present Value: 4 —Cmparry ene Shave _491._eacharye ~ | twe Shaties a eed me: «You ane - es) luket ia oh one “aie costo omaxger, of Aid Company t Fag geet compa Po ok ra et ___fexemt — “Value oe a she —Aph cemnany- = = thaws hfe +0_ at_ ___- 400,000 shanes = a) Aha — corresaion plan te agune Bee tate! — “The —blousing —_snfosomadnen — a cvuatla le — = | an : AlPha _ce-0rfar4hon ne r (ata. coorumt eataung 150M LLcom to Mllin Ne Shaxes— . 20 Million a Mili | Markel price pur Share Bo oul: yor wie Hepa fo fund put 1 what js the i uF _eathasnge Sabin —_Aeepttale tothe —-Shasehelders. af Abas Bf the —_tuce _casoning Sabo the cola XL pote + c Ares ees 4s no __Aymexg _g aim. oo _ 2) what 2» —oaunimyin — ctchange table __atteylta Se “te | co tne. Shorehol din of eta Ltd fice easing ——— © ustaho fran fen 41 UB and’ _symeng: Linnup i “a 5 oo ee Le = wrang * that there = a ‘mo _syrwg gain at el - fowl ~ pouce — Casenin Stadio — mali ple ~ will“20 Maximum Exchamge — xaho atantahbe to iharehole ‘ig , Aftha £8, = =5, + Pe Cer) as a f, So _ oe S4 = Ae oh tibia los shaies of Ged = Bo Milian __52= No of eutatamdimg _ gharwa of --2. = 10 Mlliom —— Ped = pice —€etuning of combined fewn. 2 12. £12 = Casing — Poth Comfy = fo Mibllina. = Pe ae af Camiamy -| = 330 _— Eft =~ 20p00,n00 + 12 ae ae S i = 1,00, 00,000 (sal piton oo) a ee a rr ee ee ~ a. ER = 6.98 Mien Soe eee Wl Micsimuan ir chumge seahio. _ pcm the wiew point of sae 4 Aeto Lid. sh, = pa = 7 : ‘ Cee oltre Wetiges 8 MS IM (54) 2 aoe eee oe 40) (140.05) - oeae a _& Hoo : aes a dig x 108 = Zoo a aes es eevee ag Cas 4h fs oe a = Yoo Soke noha 609.9| =e) ee Hi “yng Gaim what Level Eawnlng_ tatio rth, ifersect a oe i: EQ x ee | few = 6) ntia + Total caxaung = b cabtubate ) that the aT | vy, "eachamge. _Yahko atta dalle ee 4 gt earthing raha of covlined ony aney Conwy Wa _ etchamge Daho Map rtolle - . - oe + iy Malla — A td — of Bue tee EH combined —_ fala Sy ru what — ody se “eating = a © _jnt beck. —— Oeth Pea a \ _ 2 _fise : Se ee 77) = 4 30 X§ ns Maocimn Wim ex ehh ange — Statio suipalle —'e sharhaldvn of — Vyay. Ud. i‘ : — z-45 + 334 ~|___—_ 24o a ; = 2 =| 7 el) 1G + IG Jo = 0.1 : —— - ©) Modiomum —_vehwuge sige fraar the View teint of ——— h : a Ek = 3) 7 (fia) (£12) - frS2 | 2 4x12 ; - - 9 x48 - 4x8 ~ aL cog - | : 439 © 42 - he eS — pl = = 10 3 a ieee eoe . _ 360° tt a 503 ~oN oy : — | te. gee “wha evel eaxuning “eto A ba et be ihst, ———————L 4 Total Cateiong | a 36 yy 8 — ae ro x fe, : | _ feye po x fein Tiel eotaing : os a- —Archange —Sratie = (5 tz oa] | bated om haatet frie, 20 oT Aud acquire $y T Ltd Market puce af A Lid = Rao |, Manke pure _ of TUd = fis. Neel shenes offer to T yd eee = 0.45 xX 3 00 oop ft $2.25 00d shares i — Total Ne _4¢ Com binned shares afhecy acquishian : =_l000,000 + 2,25, noo Teta ot both Lomeny WA 2.000 %2) + (Sv0n00 XI 20,00,000 4 4,00, 000. )-** Indi “Tell cat ets ‘oto CAT EPs Total EAT _€p, F 120,00, 000 2 3,00 000 1 23,00,000 | af 121, 90 000 2.10 3, 30,000 dal 24, 30,000 Lat 7 _|22,05, 000 2.0, 363,000 2h 2568000 2 if 4 123,16,260 2.32 3.44,300 1.93 24, »4, 550 2% hoe | ¢ ts ») (e eons Befove Merger coin. A Bore Merger Nan Attor Magi : $24, 31,013 2.43 439,230 HC 28,9923 2a] 698 50,564 2.55 83,159 0,95, Fas | + 126 go, 149, ae FF UhUmUmUChUr hr rr LF 8 28142022. 5 84,61 1G 3,98, IF LG et ee aiouca as 2.96 643,044 oy $699,999 2.y | —___!0_ 31,02 66% Blo 1.91395. 236 38 0,043 3.41 5 Siu 5) | Lo ove the —liavinen 9 8 Lid ee es : / at a company 4d pile ‘Leelow. - = , — Labilihes Amb) Ate Aes 10,100 eyuly shes 40,09 000 Geo it, 50 000 a Fico eh ae k duilding 8 25,000 general Roseswe Yo, Coo Machen ey sane ; Bank overdle 5¢ 000 tock _____ 2,00, 00) bh: debendune- 200,000 Deltars $0,000 wakmen Cormtleysaten 20, 000 Gash k Bank lo, 000. o Pitlimmary exe Sundry cuditoy. 49, 000. 3, 55,000. Company A agpud te fake atl asset Chet Cash kK bank 4 semplany Boy. the pelleting foyan-~ Good uutl Z| fo,000 Machinery mesg 5,000 : ome! _ & lwilding F_4,00,002 - Sie x 1, 80,000 Bad delt sosowe fo he (ented 6 gn eines | —A__dake over of Gabubstes imclucdhim ae ie op Gop amy 6 To ther ook Value ty i —dlaiom of & 5000 is Areopted — fy __commyramnag agomst __Lwankmem —taseltentediae— sd —Calulate Suet Assets “n aal": Na Asset qtompony 8 =e fee tated “Biabibibes Total Asset _of Comba y Bs a “Total abals hea*ot Grmbroy B. i ~_£ 1,80 000 Bahk overrdiapt ~ 54,000 _ pind & Swilding 3 3,00, 000 61 debuntuxe EF Q00000 ——§flant_t Mastinesy — 3 525,000 ____Sumdny (xeditors HG o00 {Stock \ € 149000 Wortmen carp. fond yor | ‘\ Deldors. — ao UmUrmrmC—S — Se \ Aa. 12,32,5 00, | : - __~ 3 00 500 Total Alt Mast = total Annet - “Total Lot oo = \2 32,5c0 = 2 ©© c00- —_ = a = 9,32, 500 = = _ | Petal Nut Asset = £4,r25001.ie roy | ~ Sunk Beta (omany 4 agraed fo merge wut Nek : comylany The abane. Aheet y MP bn, mg f fi - and Beta Company Lepore. the amertyerr 9 i are Men Leclow the shane Alan Tan, 2 535 the thar elie Value isto for Shaye | l The Shares of omany AM, wgll i mureare, rm! i | foo ase mele = 7 | Balam —thek ns Raila —NPhal) hang! —— biabilities oe [acy “titel cena en [ ae { Se L000 AL Ale ane eset | lag la labilty 4,000 2500 | Luvemt — Daluilty 2000 fo Total Labilbes Daset " Net Fred! Asset - 1000 00. Tverd ment $e00 S00} Lumet Asset toao 3000 = — Micelleamous exp = ~__looo Total). Ast anon Me Sievellued — as foie Nd bed ad thee 2 Tol oed —E Mog| | furcremt Asset £2100 i unent Label i % 1600 long frm Aalalily — % 2400 | : | ou ame segwrel te caleubede ~ Vet Aver of beta Lid. Lond pupane post omerger Balance 3h eet. | 5": Belo Company’ msgid tothe Alths Ud —_— Net Asset 4 Bea Ud = Total Asret - Total Rabilties Total diet of Bela Lid, Net fixed Assets Rs>_ 3200 Trwest ment Gi Ytoo —_twetent Asset 400 ee) ee enn _is.00_ | etal Labill fa Lad 4 ——— sfomng _4e%um dally Rs 2400 ee Lusotent Lialulity Ri _ hoo | 4000 Ne Asset * ‘Total Aaset - Total dralulity, + # 6500 - Yooo = 2500 Punchwe Comvideration_ + + Shave swan Hatio = 3:5* shane Capital > bo shaves x& 10 = & foo __ 7 Cadel suseewe = Ve Ase = Po — ue a igo a eee - | — Sheet Ar. x. Lickiibities Amnt(s} Oe shane cepitall (amestts) U,b00 Net Gxed Agee ta 200. ata sete [400 Tnvestanowt 3 eo | Shave _~vumiwm 2 000 Lurtemt Asset. 44009 Gh Seosetuile 6.000 Miscollramous exh. | 600 | fhe Me (000 + : dovm —Laluli: G00 - ia 3600 z [ : 2H, 500 |— [ - aia Be Saeed tereeeeeetetereeeeeeereeer a a . oe rt | - ees re oe oo eesum-(4 [DV Prostectiue tid hes agsrecd 40 duke oven all dre gunman Asset at thei Bock Value bud * fixed Asset where te Le levalued as under . fond Luileling Slamt Je Machmieny __|Ptes fective Lid P, Galubhes \gunetal xoserve Peb Ale BY debem sure tacient Gab) 4y good ull of AVL |S ech Ye a” Yeas 2 Year 3 Year. 4 Vea —S.¥eary yospechve. Ltd) [the summanized ralance Sheet ef Tangch Ltd 2014. a galem exTal. Equity shane Caps tal Additional. Information a Tasget Lid Pusch ase tonsidiration 4s Se land Ihe Goh = 4 Alesypedive 14d Bunted Waa) Ltd. Js takeover the Qussiness 4% large Ltd. Lichow. — bseeparr: a ov 31’ Aah Ao (2) Aaseds Amt @) 500, 00,000 lamd & tuslding 3, 00,00, 005 2,50, 00, 000 Plan 5, BO, 00,002 1,26 00, 600 a feaco0o0, Debjow 35, 00,000 30,00, 000. __ Bank 1, $0, 00,00 00,00 000 3,00 00,000. : uate Suguuned +o pay ks So 00, oa0 —fex a a to_he paid Rs 4 Be 00 2201 iA to be paid) in thas of Extee Lash How to tne fom Aaywrtteog te BAe. On follows. aes 2,00, 00 veo. 3,00, 00, 000_ 260, 20, 000, 2.00, 00, p00, hoe, 00. 000. ees es _ EE_ A. Le —— aD os Saieenen hat kere : a _ fe__ am He 5 - years. ata ef oe Ey an, ot IS tow ane —Hequired Jo snake Avg5 est tithe, . - bo pekve 14d) they gl tat ke - — i pt target 7teD oo a. a ; aa See — = alo Ve < : : Li, +o, 8, 000 = tr iG 40, 00,000 ——— al te llailaay Ba ig ay, fete — Eat k_Machinieny —fs _5 00 00 v0 pe a ocean. oes oe _ i Bank —. & LS, 00, 060. Gook uit Rs $0 08006 (39,00 000 | :2) | Pxerent Value | t Vease FOFF { 2,00, 00 000 Ba 320, 00 000 13. 2, €2,28'000 e 2,00,00, 220 [5 09 ng 000. _____ Total Present Value. Prevent Value of Fer aaa 110 ( 2, 3, 35, 000 ¢ 350,00,000. ° 0.468 (59 25,000 Total Met fresem value 24, il, (Poco 3) Net poasent 4 Lash, fe offer 6 Year Total Value = fcre Cl+g : ke - 9 * 35000 p00 (1 - 0.10) 0.14 = (- 6.10) =, 12,12, 50, ogo| Net Pause Value * 13,12, 50,000 x 0.455. = fla. 5,94, 18, 150 7 -" ff A oe boss ly ate LL wot B ca a — [Nek puenont velue— ef tosh fou —* fa_2 24 ; (t, 000 _ 7 — emia i —— ee to “dakeouen. bli — pi ses tact ae (4,4 4 260)— es Tig 2 fae Loss by takeounr wo Blip _—7 ~ Sea __—_—— “pdvsalle to taheouwr. tne 6 Ltd. —— ai ig metyo uit Calulse Eonomuc Value adled! the following educome —slalenomt fox twuumt * yeas - Sales (000 9 (at boo ls Int. ae (ening Lafore tao ate Tae (40) 160.4 — —taxwog ote tax. 225.6 — - _|the oe ad, cig ath -adebed) = (pst of wat Eva + Eumamie value = Eva = NoPeA tase oft us t 300 a capital _oftcxating hit afders toe yx I, Met : x(i-t) 2 A - 0.49) = [2% 9-60 2b,