Assume the following fees were paid: Mamp;A fee of 0.5 percent of the transaction value, debt fees of 0.

Assume the following fees were paid: M&A fee of 0.5 percent of the transaction value, debt fees of 0.75 percent on all debt and loan financing; equity of 3 percent on all equity and convertible financing. Calculate the estimated total fees for both JP morgan and Merrill Lynch. Indicate whether you think these fees were justified and support your views.