A proposed merger will produce $203,000 worth of synergies (net of reorganization costs). Prior to the merger announcement, the acquiring firm had 25,000 shares trading at $41 and the target firm had 16,000 shares trading at $30. If the acquirer has made a cash offer of $38 per share of the target, what is the NPV of the merger to the acquiring firm? Note: Your answer must accurate to the nearest dollar. E.g., if you find an NPV of $98765.43, then put 98765 as your answer.