Taft, Incorporated has offered $760 million cash for all of the common stock in Howard Corporation. Based on recent market information, Howard is worth $720 million as an independent operation. For the merger to make economic sense for Taft, what would the minimum estimated present value of the enhancements from the merger have to be? Multiple Choice $0 $40 million $720 million None of the options are correct

operation. For the merger to make economic sense lor Tat, wha, would the minimum est mated present velue of the enhancements from the merger hove to be? Mutiole Oncice 50 540 main 3720 nvison Nene of the eptient we corres