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***I know the answer is $40.41 million. I need to know STEP BY STEP. Please show all formulas... Ideally would want to see in excel!

***I know the answer is $40.41 million. I need to know STEP BY STEP. Please show all formulas... Ideally would want to see in excel! Firm A is considering a merger/acquisition with Firm B. Firm A: Market value of debt: $3 million Market value of equity: $5 million Number of shares: 0.2 million Firm B: Market value of debt: $5 million Market value of equity: $5 million Number of shares: 0.5 million I nvestment rate for the combined firm (bA+B): 50% WACC for the combined firm (WACCA+B): 10% Total net operating income before synergy gain: (X): $4 million Synergy rate (a): 5% Corporate tax rate (T): 40% Growth rate for the combined firm (g): 14.4% Number of years for the growth: 10 According to the Weston/Copeland model, what is the total synergy gain from the merger?

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