Valuing the Target Firm

Zappa Inc. is considering acquiring the Jones Co$.$ They are trying to estimate the value of the target firm. Recently, the Jones Co$.$ reported cash flows of $$15,000,000.$ The executives at Zappa Inc. estimate that the cash flows of the Jones Co$.$ will grow at $4\mathrm{.}50\%$ in the future, and that $11\mathrm{.}50\%$ is a reasonable discount rate for these cash flows. The expect the merger to generate $$3,500,000$ per year into the future. Based on these assumptions, what is a reasonable price to pay for the Jones Co$.?($Present your answer in dollars with no decimal places, e$.$g$.,2940617.)$