Epsilon Inc. acquires Zeta Ltd. for $80,000,000 in cash and accounts for its investment as a merger. Zeta’s balance sheet at the date of acquisition is as follows:

Assets	Amount	Liabilities and Equity	Amount
Current assets	$6,000,000	Liabilities	$35,000,000
Property, net	$50,000,000	Equity	$21,000,000
Total assets	$56,000,000	Total liabilities and equity	$56,000,000

The fair value of Zeta’s current assets is $600,000 less than book value. The fair value of its property is $10,000,000 less than book value. The book value of its liabilities approximates fair value. There are no unreported assets or liabilities.

Requirement: How much goodwill does Epsilon report for this acquisition?