What is the maximum price per share

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Tolmann Co. is considering accruing Reilly Co. Reilly's current stock price is $35. What is the maximum price per share that Tolmann should offer based on the following data for Reilly PV of future cash flows $400 million, 20 million outstanding shares, debt of $5 million, preferred stock of $2 million, and discount rate of 11%?

Reference no: EM132384816

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