Question: DO NOT USE EXCEL. Need equation/formula to solve. Show all steps, can use a BAII Plus calc. Firm A has a value of $100 million,

DO NOT USE EXCEL. Need equation/formula to solve. Show all steps, can use a BAII Plus calc.

Firm A has a value of $100 million, and B has a value of $70 million. Merging the two would allow a cost savings with a present value of $10 million. Firm A purchases B for $75 million. What is the incremental gain from this merger? $30 million $10 million $15 million $75 million

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