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Cleaning Corp. has a market value of $563,000 and Carpet Steamers has a market value of $174,000. Cleaning Corp. just acquired Carpet Steamers for $185,000

Cleaning Corp. has a market value of $563,000 and Carpet Steamers has a market value of $174,000. Cleaning Corp. just acquired Carpet Steamers for $185,000 in cash. What is the net present value of the acquisition if the merger creates $18,000 of synergy from cost efficiencies?

Multiple Choice

  • $29,000

  • $7,000

  • $156,000

  • $174,000

  • $11,000

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