J \&. J Enterprises is considering a cash acquisition of Patterson Steel Company for $4,800,000. Patterson will provide the following pattern of cash inflows and synergistic benefits for the next 20 years. There is no tax loss carry-forward. The cost of capital for the acquiring firm is 11 percent. a. Calculate the net present value. (Use a Financial calculator to arrive at the answers. Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Net present value b. Should the merger be undertaken? Yes No