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ABC Ltd is considering the acquisition of XYZ Ltd at a cash price of $5,000,000. XYZ Ltd has short-term liabilities of $1638955 that ABC would

ABC Ltd is considering the acquisition of XYZ Ltd at a cash price of $5,000,000. XYZ Ltd has short-term liabilities of $1638955 that ABC would have to pay immediately. As a result of the acquisition, ABC would acquire rights to XYZ's patent which would provide an estimated cash inflow of $1737289 per year for the next 7 years. The cost of capital for the acquisition is 9.2%. Calculate the net present value of the merger. Please round your answer to the nearest dollar but exclude the $ or , when typing your answer. (i.e. $2,011,209.44 should be typed as 2011209).

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