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J & J Enterprises is considering a cash acquisition of Patterson Steel Company for $4,200,000. Patterson will provide the following
pattern of cash inflows and synergistic benefits forthe next 20 years. There is no tax loss carryforward. Use Appendix D as an
approximate answer, but calculate your final answer using the formula and financial calculator methods. Years
1—5 6—15 16—20
Cash inflow (aftertax) $460,000 $620,000 $820,000
Synergistic benefits (aftertax) 42,000 62,000 72,000 The cost of capital for the acquiring firm is 11 percent. a. Compute the net present value. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.
Round your answer to 2 decimal places.) I Q Answer is complete but not entirely correct. lNet present value $ 6,370,630.00 Q

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