12 Intro Mercury Estates is taking over Venus Housing Corp. Mercury is valued at $8,000,000, whereas Venus' total value is $4,000,000. Due to the similarities in their operations, Mercury expects a reduction in administrative expenses of $180,000 per year in perpetuity. It is willing to buy Venus for $5,600,000 in cash. Mercury's cost of capital is 12%. Part 1 What is the economic gain from the merger? 0+ decimals Submit Part 2 What is the net cost of the deal to Mercury? 0+ decimals Submit Attempt 1/10 for 10 pts. Attempt 1/10 for 10 pts. Part 3 | Attempt 1/10 for 10 pts. If the company pays cash for the acquisition, what is the net present value of the deal? 0+ decimals Submit