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Penn Corp. is analyzing the possible acquisition of Teller Company. Both believes the acquisition will increase its total aftertax annual cash flow by $1,301,593.32 indefinitely

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Penn Corp. is analyzing the possible acquisition of Teller Company. Both believes the acquisition will increase its total aftertax annual cash flow by $1,301,593.32 indefinitely The current market value of Teller is $24.785,317 and that of Pennis 563,853,017. The appropriate discount rate for the incremental cash flow is 11.729 Penn is trying to decide whether it should offer 37% of its stock or $31,112,649 in cash to Teller's shareholders What is the NPV of the cash offer? HINT. Subtract the cash offer from the value of the combined firm NOTE: Enter the number rounding to four DECIMALS. If your decimal answer is 0.034576, your answer must be 0.0346. DO NOT USE the ign

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