Calculating Synergy. The Left Foot Company has offered $426 million cash for the common stock in the Right Foot Company. Based on recent market information, the Right Foot Company is worth $389 million as an independent operation.

If the merger makes economic sense for Holmes, what is the minimum estimated value of the synergistic benefits from the merger?

(Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)

Round to the nearest dollar and format as "XX,XXX,XXX"