Synergy In April 1994, Marvel Inc. announced its plan to acquired IronMan Corp. for $1.4 billion. Capital spending will be 115% of depreciation after the high-growth period. Neither firm has any debt outstanding. The treasury bond rate is 7%. Questions: Estimate the value of the combined firm, with no a synergy. As a results of the merger, the combined firm is expected to growth b 24% a year for the high growth period. Estimate the value of the combined firm with this higher growth rate. What's the synergy worth? What is the maximum price Marvel can c pay for IronMan