A company issues new stock with a fair value of $40 million to acquire 85% of the stock of another company. The fair value of the noncontrolling interest at the date of acquisition is $5 million, and the book value of the acquired company is $4 million. The subsidiarys net assets are reported at amounts approximating fair value at the date of acquisition, except that its plant assets are overvalued by $10 million and it has previously unrecorded identifiable intangible assets with a fair value of $25 million. At what amount is goodwill valued at the date of acquisition, following the alternative method allowed by IFRS?

A. $30 million

B. $-0-

C. $23.85 million

D. $26 million