Problems #1When does the IRS consider a transaction to be non-taxable to the tar

Problems #1When does the IRS consider a transaction to be non-taxable to the target firms shareholders? What is the justification for the IRS position?Problem #2What is goodwill and how is it created?Problem #3In 2006 CLU Inc. a newly formed company issued 150000 ten year options exercisable into an equivalent number of common shares to you and other key members of management at an exercise price of $6.00. In 2014 CLU Inc.s common shares are valued at $14.00 per share and the total number of common shares issued and outstanding total 1000000 and 150000 options are outstanding. CLU Inc. has cash of $3000000 and a debt of $2000000.What is the current Equity Value of CLU?What is the current Enterprise Value of CLU?How many shares of CLU Inc. are outstanding on an as-converted basis?