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Before reading your comment I was sure I would get good marks on that question, now I feel I ignored the requirement I just critically commented the opinions.
Do you remember the 3rd requirement exactly was about changes needed? I had the same option as you, but I think I’ve just critically commented on what CEO and chairman discussed
I remember the details for calculating free cash flows were about the target company’s home sector only, after acquisition. The question said after selling city center stores of the company’s home sector the projections are… this can be the reason that you got negative value, although i am not sure that should be positive, cause i mistakenly deducted only premium from the acquisition gain, instead of deducting both premium and equity value of the target.