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 $140,120 indefinitely. The current market value of Firm T is $7,214,360 whereas that of Firm A is $11,842,440. The appropriate discount rate for evaluating the incremental cash flows is 11.94%.If Firm A offers 38.10% of its stock to Firm T's shareholders, what will be the NPV of this acquisition to Firm A?

$680,137

$697,140

$714,144

$731,147

$748,151