Business Valuation

Fdave plans to acquire Maf in the same business sector, and will pay cash for shares of the company. The cash would be raised by Fdave through a 2 for 5 rights issue at 15% discount to its current share price.
The purchase price of the 1.6m issued shares of Maf would be equal to the rights issue funds raised, less issue costs of $425,000.
EPS of Maf at the time of acquisition would be 52.8c per share.
Fdave maintains a payout ratio of 60% per year and EPS is currently 72c per share. Dividend growth of 6% per year is expected for the foreseeable future and the company’s cost of equity is 15% per year. Number of shares in issue= 4m $1 each.

a) Using P/E ratio methd, calculate the share price and market capitalisation of Maf before the acquisition,
b) Calculate the share price after the acquisition

Please help. Thank You!