Magnus Corp wishes to acquire Coopers Ltd. Based on current stock market prices, Magnus is valued at $20,000,000 and Coopers at $8,000,000. The shareholders of Coopers are only willing to sell if they receive $9,000,000. Magnus Corp estimates the acquisition would result in annual cash flows of $2,506,076 per year for the next 5 years. The firm has a cost of capital of 10%. What would be the NPV of the acquisition? Select one: a. $500,000 b. $8,000,000 c. $9,000,000 d. $9,500,000

Please explain step tp step. I do not understand tables like other suggestion. Thank you:)