Pinnacle Ventures, a private equity firm, acquires 100% of TerraTech Ltd. for $400 million. At the time of acquisition, TerraTech's total net assets (assets minus liabilities) are valued at $250 million. To align the book values with the fair market value (FMV), Pinnacle Ventures decides to write up TerraTech's tangible assets by $50 million. Given this information, how much goodwill will Pinnacle Ventures recognize on its balance sheet related to the acquisition of TerraTech?

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