22-9 Sensible reasons for Mergers Mergers as a Use for Surplus Funds If your firm is in a mature industry with few if any, positive NPV projects available, acquisition may be the best use of your funds nve tment Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 22- 9 Irwin/McGraw-Hill Sensible Reasons for Mergers Mergers as a Use for Surplus Funds If your firm is in a mature industry with few, if any, positive NPV projects available, acquisition may be the best use of your funds