CASE 1 - M&A TRANSACTION After conducting due diligence, you found out that the Target Company has material tax exposures. If you are potential Buyer or Financial Consultant for Buyer, what would you do? Case 2: Using proper Discounted Cash Flow Method, the estimated Firm Value (Enterprise Value) of a Target Company is US$ 120m and its market value of Net Debt is US$ 40m. An Investor is invited by the Target Company to invest. The Investor intends to acquire 20% equity ownership in the Target Company. (Note: Firm Value = Net Debt + Equity Value) Questions: How much is the amount to be invested in order to get 20% equity ownership? How many possible answer could you find?