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A firm is considering acquiring a competitor. The firm plans on offering $158.6 million for the competitor. The firm will need to issue new debt

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A firm is considering acquiring a competitor. The firm plans on offering $158.6 million for the competitor. The firm will need to issue new debt and equity to finance the acquisition. You estimate the after tax issuance costs to be $13.5 million. The acquisition will generate an incremental free cash flow of $30.0 million in the first year and this cash flow is expected to grow at an annual rate of 3.1% forever. If the firm's WACC is 11.9%, what is the Net Present Value (NPV) of this project in millions? Round to 1 decimal place. NPV's can be negative

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