Big Co acquired 80% of the equity shares in Small Co on 1 January 206. The consideration for the acquisition consisted of the foliowing: (1) Cash of $1,200,000 paid on 1 January 206 (2) Cash of $500,000 to be paid on 1 January 208 At 1 Jarnary 206 the present value of $1 receivable at the end of two years, based on a discount rate of 7%, is 0.873 . What is the value of consideration to be included in the calculation of goodwill on acquisition? $2,946,000 $3,136,500 $3,200,000 $3,886,500