Metal Works, Inc. has $$3\mathrm{.}8$ million in net working capital, no long$-$term debt, and fixed assets with a book value of $$32\mathrm{.}4$ million and a market value of $$36\mathrm{.}1$ million. All Metal Industrial Products is buying Metal Works, Inc. for $$42\mathrm{.}5$ million in cash. The acquisition will be recorded using the purchase accounting method. What is the amount of goodwill that All Metal Industrial will record on the balance sheet because of this acquisition?

Question $35$ options:

$$0$

$$1\mathrm{.}5$ million

$$2\mathrm{.}6$ million

$$6\mathrm{.}3$ million

$$6\mathrm{.}4$ million