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TMZ , Inc., dominates the snack - food industry with its Salty Chip brand. Assume that TMZ purchased Seacoast Snacks Company for $ 5 .

TMZ, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that
TMZ purchased Seacoast Snacks Company for $5.7 million cash. The market value of
Seacoast Snacks' assets is $5 million, and Seacoast Snacks has liabilities with a market
value of $4.1 million.
Read the requirements.
Requirement 1. Compute the cost of the goodwill purchased by TMZ.(Enter amounts in
millions to the nearest tenth of a million as provided in the problem statement, X.X.)
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