Q5: If a proposed merger materializes, the acquiring company estimates the combined CFs to be as follows:

Years	1	2	3	4	5	6	7
FCFs ($MM)	142	155	168	199	221	243	255

Additional metrics: cost of capital = 9.5%, V acquiring co. = $1,285 and V acquired = $943

Assuming the acquiring company wants to use a 6-year evaluation horizon (the growth rate from years 6 to 7 will continue in perpetuity), what is the synergy value?