Set up in Excel: Simon & Co$.$ have revenues of $$200$ million. Cost of Goods Sold $($COGS$)$ are at $40\%$ of revenues and Depreciation runs at $5\%$ of revenues. Interest rate on their debt is $8\%$ and the debt amounts to $$20$ million Garfunkel & Co$.$ have revenues of $$300$ million. COGS are at $30\%$ of revenues and Depreciation runs at $5\%$ of revenues. Interest rate on their debt is $7\%$ and the debt amounts to $$40$ million. Simon & Co and Garfunkel & Co are in talks to merge and if the merger goes through, the claim is that the COGS can be reduced by $15\%,$ and revenues will increase by $10\%.$ The new firm will have to take on additional debt of $10\%($all these percentages are of the combined firm$)$ to invest in the expansion and the interest debt on this new debt will be $8\%.$ Question: By how much will the Net Income of combined firm be higher than the stand$-$alone businesses?