cash flows is 8 percent. Fly-By-Night is trying to decide whether it should offer 35 percent of its stock or $9 million in cash to Flash-in- the-Pan. a. What is the synergy from the merger? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Synergy value 4.000,000 b. What is the value of Flash-in-the-Pan to Fly-By-Night? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Value $10,000,000 c. What is the cost to Fly-By-Night of each alternative? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) 9,000,000 Cost of cash $ Cost of stock 9,450, 000 d. What is the NPV to Fly-By-Night of each alternative? (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) NPV of cash NPV of stock