7 Jumprope is contemplating the acquisition of Boxer Inc. The values of the two companies as separate entities are $56 million and $28 million, respectively. Jumprope estimates that by combining the two companies, it will reduce marketing and administrative costs by $680,000 per year in perpetuity. Jumprope is willing to pay $30 million cash for Boxer. The opportunity cost of capital is 8%. a. What is the gain from the merger? (Enter your answer in millions rounded to 2 decimal places.) 2 points Gain from the merger million 02:00:08 b. What is the cost of the cash offer? (Enter your answer in millions.) Cost of the cash offer million c. What is the NPV of the acquisition under the cash offer? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) NPV million