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Firm A is analyzing the possible acquisition of Firm T. Firm A believes the acquisition will increase its total after-tax annual cash flows by $97,220

Firm A is analyzing the possible acquisition of Firm T. Firm A believes the acquisition will increase its total after-tax annual cash flows by $97,220 indefinitely. The current market value of Firm T is $4,410,660 whereas that of Firm A is $7,240,140. The appropriate discount rate for evaluating the incremental cash flows is 9.54%. If Firm A offers 30.10% of its stock to Firm T's shareholders, what will be the NPV of this acquisition to Firm A?

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