ABC is considering purchasing a smaller chain, XYZ software. ABC's financial analysts project that the merger will result in incremental net cash flows of $6.5 million in Year 1, $7.5 million in Year 2, $8.5 million in Year 3, and $16.5 million in year 4. Interest tax savings after the merger are estimated to be $2.0 million for each of the next 4 years. The expected cost of capital will be 10.5%, and the company expects to experience a normal growth of 6% starting at the beginning of the fifth year. XYZ's outstanding debt is estimated to be $35 million, and the post- merger beta is estimated to be 1.50. The risk-free rate is 3.0 percent, and the market returns are 11 percent. What is the value of XYZ Software to ABC software?