Exercise 12-14 (Part Level Submission) Presented below is net asset information related to the Shamrock Division of Santana, Ind. SHAMROCK DIVISION NET ASSETS AS OF DECEMBER 31, 2017 (IN MILLIONS) Cash Accounts receivable $56 205 Property, plant, and equipment (net 2,600 Goodwill 206 (2,595) $472 Less: Notes payable Net assets The purpose of the Shamrock Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated with refueling could be substantially reduced. Many other benefits would also occur. To date, management has not had much success and is deciding whether a write-down at this time is appropriate. Management estimated its future net cash flows from the project to be $435 million. Management has also received an offer to purchase the division for $335 million. All identifiable assets and liabilities book and fair value amounts are the same