Company A, a retailer with revenues of $2 billion for the last fiscal year end, has agreed to acquire Company B, a retailer with $600 million in reported revenues for the same period. As a result of the merger, the combined company expects annual selling and administrative costs to decrease by $600 million. These cost synergies will be realized at the same dollar amount for the next 3 years before ending (becoming zero). Also, they expect to lose customers accounting for 25% of Company B's revenues. Lastly, they expect that variable costs will be 55% of revenues, a cost of capital for the combined firm of 8%, a tax rate of 40%, and that revenues will continue to grow at the same historical growth rate of 3%. What is the value of the synergies, assuming that all synergies begin in the first year after the merger?