J \& J Enterprises is considering a cash acquisition of Patterson Steel Company for $5,100,000. Patterson will provide the following pattern of cash inflows and synergistic benefits for the next 20 years. There is no tax loss carryforward. Use AppendixD as an approximate answer, but calculate your final answer using the formula and financial calculator methods. The cost of capital for the acquiring firm is 14 percent. a. Compute the net present value. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)