This Professional Assignment (CLA2) requires a minimum of six (6) pages (excluding tables, graphs, appendices, title, and reference pages) APA formatted Word Document in response to the following questions. Your answers should be clear, well-organized, and specific. Provide a concise, cogent argument and include details to support your response. 1. What is a systematic liquidation of a venture? What are some of the advantages and disadvantages of a systematic liquidation?2. ACE Corp was formed five (5) years ago by the original founders and some venture capitalists (VC) with five million shares, three million held by the VCs priced at $2.50 per share and 2 million held by the founders priced at $0.50 per share. ACE estimates its free cash flows that will be available to the enterprise next year at $5,200,000. Since the venture is now in its maturity stage, ACE’s free cash flows are expected to continue to grow at a 6% annual compound growth rate in the future. A weighted average cost of capital (WACC) for the venture is estimated at 15%. Interest-bearing debt owed by ACE is $17.5 million. In addition, the venture also has surplus cash of $4 million. a. Based on the above information, estimate the current total value of ACE Corp. b. What would be the value of the ACE’s equity?c. How much of the value of ACE would belong to the VCs and how much to the founders? d. How much would be the per share value of ACE’s equity?e. What would be the percentage gain on VC’s investment f. What would be the percentage gain on founders’ investment ?g. What is the internal rate of return on the founders’ investment? h. What is the internal rate of return on the VC’s investment? 3. The GAMA firm is proposing to acquire the ACE Products venture described in item 2 above. GAMA estimates that ACE’s free cash flow for next year could be improved to $5.5 million because of synergistic benefits in the form of operating or distribution economies. The potential acquirer also believes that ACE’s perpetuity growth rate could be increased to 7 % annually. However, the riskiness of the cash flows would be increased causing the appropriate WACC to increase to 16 %. Interest-bearing debt owed by ACE is $17.5 million. In addition, the venture also has surplus cash of $4 million. ACE Products has five million shares of common stock outstanding.a. Determine ACE’s total value from the perspective of GAMA. What is ACE’s equity worth to GAMA in dollar amount and on a per share basis?b. Use the per share value of ACE from the previous problem (problem 2) above and determine the GAMA’s expected per share synergetic benefits from this merger.c. If one-half of the synergy derived benefits were allocated to ACE’s VCs and founders, what price per share would the merger take place.d. GAMA has thirty million shares of stock outstanding with a market capitalization value of $600 million. ● What is GAMA’s intrinsic value per share?

Follow the instruction and make a do-file to run the stata. And then use the stata to answer the problem. I need to turn in the do-file and the answer. Make sure do-file is able to run.

Imagine you are the chief of staff for the chairman of the board of supervisors responsible for the stadium district of your county. The professional sports team who uses the stadium believes that the 20-year-old stadium is in need of upgrades to stay competitive with other teams around the league. They are demanding that the county pays $200 million for said upgrades or they will leave the county and build a new stadium elsewhere.The county originally paid for the construction of the stadium with a sales tax initiative that was somewhat unpopular with many voters. There are strong opinions and valid arguments from voters, the business community, and various other stakeholders and forces as to whether the team should stay in the stadium or not.As the chief of staff, you are responsible, with your staff, to assist the chairman in determining the best path forward to deal with this situation. In 1,500-2,000 (total) words, do the following:Part I (750-1,000 words):Determine the type of personal power you possess in this situation. Describe the type of personal power you may have in regards to the chairman, your staff, and the other parties who may have an interest in this issue.Determine the type of positional power you possess in this situation. Describe the type of positional power you may have in regards to the chairman, your staff, and the other parties who may have an interest in this issue.Given the type of power you possess, determine whether you have the influence required to move this issue in the right direction. Explain what type of influence you may have and if you will need to create more influence through other alliances, etc.Part II (750-1,000 words):Imagine that the chairman and your team have decided that it would be fair for the county to split the costs for renovations with the team and pay half of the costs.Assess the strengths and weaknesses of the negotiation position the county is in to get the team to pay half of the costs by doing the following:Determine if the negotiation is just between the county and the team or if other stakeholders should be involved. Explain why.Outline the strengths and weaknesses of the county’s negotiation position. Explain why each is a strength or a weakness.Explain how you can employ systems thinking to strengthen your position, manage various forces such as public opinion and political pressure, and obtain the result that maximizes the public good.Use four to six scholarly resources to support your explanations.