Penn Corp. is analyzing the possible acquisition of Teller Company. Both believes the acquisition will increase its total aftertax annual cash flow by $1,193,182.34 indefinitely The current market value of Teller is $29,451.451 and that of Penn is $66,097,675. The appropriate discount rate for the incremental cash flow is 11.26%. Penn is trying to decide whether it should offer 38% of its stock or $34,973,754 in cash to Teller's shareholders What is the equity cost of the acquisition? HINT: Compute the value of the combined firm by adding the current value of the target with the present value of the differential cash flow of the combined firm. To determine the equity cost of the acquisition add the current value of the acquirer and then multiply by the proposed percentage of the stock that has been offered for the 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 % sign