In September $2008,$ the IRS changed tax laws to allow banks to utilize the tax loss carryfonvards of banks they acquire to shield their future income from taxes $($prior law restricted the ability of acquirers to use these credits$).$ Suppose Fargo Bank acquires Covia Bank and with it acquires $$74$ billion in tax loss carryforwards. If Fargo Bank is expected to generate taxable income of $10$ billion per year in the future, and its tax rate is $30\%,$ what is the present value of these acquired tax loss carryforwards given a cost of capital of $8\%?$ NOTE: Acsume that the firm can use tax lass carryfonwards to write off $100\%$ of its earnings