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please help Recall our lecture on Mergers and Acquisitions. Suppose that after...

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Recall our lecture on Mergers and Acquisitions. Suppose that after the concerns raised by the CDC about Johnson and Johnson's (Ticker: J&J) COVID-19 vaccine, Plizer (Ticker. PFE) plans to acquire J&J Pfizer's board of directors do not foresee any antitrust issues and plans to offer $150 billion as the purchase price for J&J. Pfizer will need to issue additional debt and equity to finance such a large acquisition. Pfizer's CEO Albert Bourla estimates that the issuance costs will be $800 million and will be paid as soon as the transaction closes. He also estimates that the incremental free cash flows from the acquisition will be $6.24 billion in the first year and will grow at 3% per year thereafter. Pfizer's WACC is 0.05 and J&J's WACC is 0.069. What is the NPV of the proposed acquisition? A $161.2 billion B. S-160 billion OC. $-161.2 billion D. $9.2 billion E $160 billion

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