ZhenYee Electronics, Inc. is considering the acquisition of Datamatic, Inc. at a cash price of $5,000,000. Datamatic, Inc. has short-term liabilities of $1,500,000. As a result of acquiring Datamatic, Inc., ZhenYee Electronics would also acquire rights to one major patent which would provide an estimated cash inflow of $1,800,000 per year for the next eight years. The firm has a cost of capital of 12 percent. What is the value of this acquisition?

(No symbols. For example: For $123,456 type 123,456)

ZhenYee Electronics, Inc. is considering the acquisition of Datamatic, inc. at a cash price of \$\$,000,000, Datamatic, Inc. has short-term liabilities of \$1, s00,000, As a result of acquiring Datamatic, Inc, ZhenYee Electronics would also acquire rights to one major patent which would provide an estimated cash inflow of $1.800,000 per year for the next eight years. The firm has a cost of capital of 12 percent. What is the value of this acquisition? (No 5 ymbols. For example: For $123,456 type 123,456)