# with formula 9.3a (pp. 248) of the textbook, calculate the maximum price that should be paid for target company ? Huntington Corporation. Note that this company has 5 years of super normal growth and then no growth. (15 pts. for PV of operating cash flows, and 15 pts. for the PV of horizon value.)Given information re Huntington Corporation (all \$ Amounts in Millions): Ro: Initial Year Revenues: \$1,000n = Number of growth years: 5m = Net Operating Income Margin 15.0%T = Tax Rate 40.0%g = Growth Rate 18.0%I = Investment Rate 8.0%k = Cost of Capital 13.20%h = Calculation Relationship = [(1 + g)/(1 + k)] ? 1 0.0424 (Points : 30) Solution details:STATUS Answered QUALITY Approved ANSWER RATING This question was answered on: Apr 19, 2020 PRICE: \$15 Solution~000.zip (25.37 KB) Buy this answer for only: \$15 This attachment is locked × Please Enter The Email Where You Want To Receive Solution. Get this solution for only: \$

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