2. Kizima Ltd. is considered acquiring Platinum Ltd. The following information relates to Platinum Ltd. for the next five years. The projected financial data are for the post-merger period. The corporate tax rate is 30% for both companies. Amounts are in Shs '000' 2014 2015 2016 2017 2018 Net sales 3,050 4,260 4,510 4,740 4,910 Cost of sales 1,735 1,882 1,057 1,218 1,337 Selling & admn. Expenses 720 350 460 Interest expenses Other information After the fifth year the cash flows available to Kizima from Platinum is expected to grow by 10% per annum in perpetuity. b. Platinum will retain Shs 40,000 for internal expansion every year. The cost of capital can be assumed to be 18%. 600 430 140 168 192 185 220 a. c. REQUIRED: i. Estimate the annual cash flows. i. Determine the maximum amount Kizima would be willing to acquire Platinum at