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47 AR Question 1 (1 point) An acquiring fimm is analyzing the possible acquisition of a target firm. Both firms have no debt. The acquiring

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47 AR Question 1 (1 point) An acquiring fimm 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 S4.1 million per year forever. The appropriate discount rate for the incremental cash flows is 9 percent. The current market value of the target firm is $75 million, and the current market value of the acquiring firm is S140 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 Answer: So 51 Good 52 Net $3 Long Te 54 55 56 59 60 61 Incase 62 Cun M GB Current M 4 Dec 65 of stoc 06 H2H Answer GB What

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