What was the book value of recently acquired bakery

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Best's Foods is seeking to acquire the Heinz Baking Company, whose book value is $34 million. A comparable bakery was recently acquired for $300 million, 20% more than the book value of the firm. What was the book value of the recently acquired bakery? How much should Best's Foods expect to have to pay for the Heinz Baking Company?

Reference no: EM131966639

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