The Clark Corporation desires to expand. It is considering a cash purchase of Kent Enterprises for $2.1 million. Kent has a $620,000 tax loss carryforward that could be used immediately by the Clark Corporation, which is paying taxes at the rate of 40 percent. Kent will provide $320,000 per year in cash flow (aftertax income plus depreciation) for the next 16 years. The discount rate is 12 percent. Use Appendix D as an approximate answer, but calculate your final answer using the formula and financial calculator methods.