Wilson Corporation acquires Greatbatch Company for $$80$ million cash in a merger. The balance sheets of both companies at the date of acquisition are as follows:

Balance Sheet

$($in millions$)$

Wilson Greatbatch

Current assets $$96$ $$8$

Property and equipment $800144$

Intangibles $324\mathrm{.}8$

Total assets $$928$ $$156\mathrm{.}8$

Current liabilities $$40$ $$3\mathrm{.}2$

Long$-$term debt $640104$

Capital stock $8019\mathrm{.}2$

Retained earnings $19224$

Accumulated other comprehensive income $($loss$)(24)6\mathrm{.}4$

Total liabilities and equity $$928$ $$156\mathrm{.}8$

Greatbatch's property and equipment is overvalued by $$48$ million, its reported intangibles are undervalued by $$32$ million, and it has unreported intangibles, in the form of customer databases and marketing agreements, valued at $$11\mathrm{.}2$ million.