Vahalla Inc. is attempting to buy Nibelheim SE. Data for each of the two companies are given in the table. Both companies are all equity financed. The CEO of Valhalla estimates that merger synergies have a present value of $11 billion. If Valhalla offers each Nibelheim shareholder $7 cash and 0.21 shares of Valhalla, then what is the net present value of the deal to Valhalla shareholders? Valhalla Nibelheim Value of the Firm, VU $40B $16B Shares Outstanding 1.45B 1.15B Stock Price $34.25 $11.84 The net present value is $billion. (Do not round until the final answer. Then round to two decimal places.)