PROBLEM 2- CASH ACQUISITION WITH DEFERRED BENEFITS J& J Enterprises is considering a cash acquisition of Patterson Steel Co. for $4,500,000. Patterson will provide the following pattern of cash inflows and synergistic benefits for the next 20 years. There is no tax loss carryforward Years 1-5 6-15 16-20 $490,000 650,000 850,000 Cash inflow (aftertax) Synergistic benefits The cost of capital for the acquiring firm is 12%. Compute the NPV. Should the merger be undertaken? 45,000 65,000 75,000 wrod