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On 1 January 2020, Aston Company purchased 400,000 shares from Brave Company's existing owners. Total number of shares issued by Brave Co. was 500,000. A

image text in transcribed On 1 January 2020, Aston Company purchased 400,000 shares from Brave Company's existing owners. Total number of shares issued by Brave Co. was 500,000. A reliable measure of fair value of Brave Co's share was $1.8 per share. Aston Co. was obligated to make additional payments to Brave Co. if the latter achieved the following profit benchmarks during financial year ending 31 December 2021. The discount rate used by Aston Co. is 3%. Benchmarks Payment Probability Profit greater than $30,000,000 $800,000 0.1 Profit between $20,000,000 and $500,000 0.2 $30,000,000 Profit between $10,000,000 and $200,000 0.5 $20,000,000 Profit below $10,000,000 0 0.2 Required: Compute the amount of total consideration on the acquisition date

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