Question: Question 2 (1 point) An acquiring firm is analyzing the possible acquisition of a target firm. Both firms have no debt. The acquiring firm believes

 Question 2 (1 point) An acquiring firm is analyzing the possible

Question 2 (1 point) An acquiring firm is analyzing the possible acquisition of a target firm. Both firms have no debt. The acquiring firm believes the acquisition of the target firm will increase its total after-tax annual cash flows by $4.1 million per year forever. The appropriate discount rate for the incremental cash flows is 11 percent. The current market value of the target firm is $85 million, and the current market value of the acquiring firm is $150 million. What is the value of the synergic benefit from the acquisition of the target firm? Enter your answer in the box shown below as millions of dollars with 2 digits to the right of the decimal point. Your

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