In the solution to example 4 of the open tuition notes on Valuation of Acquisitions and Mergers, How did you arrive at the cash flows of 35, 42, 47, 52 and 207 for the years 1,2,3,4 and 5 respectively
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VALUATION OF ACQUISITIONS
They are the totals of the cash flows of the two companies, plus the synergistic benefits of 10 per year, which after tax at 30% are 7 per year.
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