J \& J Enterprises is considering a cash acquisition of Patterson Steel Company for $4,600,000. 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. o. Calculate the net present value. (Use o Financial colculator to arrive at the onswers. Negative answer should be indicoted by a minus sign. Do not round intermediate calculations. Round the final answer to neorest whole dollar.) Net present value $ b. Should the merger be undertaken? Yes No