Dsicounted Cash Flow A ($ in millions) EBIT Subtract. Tax amp; Abnormals Unlevered Net Income Add. Depreciation Add. Amortization Subtract. NWC...

If a company is a very large listed Australian based commodities trading company, which has slowed in growth prospects. the company has never paid any dividends and has abundant cash equivalents of $4 billion and excellent debt capacity to fund growth opportunities. Jaffa has a beta of 1.00, earnings per share of $3.00 on 1 billion shares outstanding and a debt/equity ratio of 1⁄4. its current cost of debt is 7.00% per annum, has a corporate tax rate of 30% and an enterprise market value of $30 billion dollars. if the company consider takeover activities. these two target firm valuation provided in the excel, can you give some recommendation, takeover both companies or which one of them?