Please solve A and B. Please show work. Thank you.

11. Erickson Inc., a large telecommunications company, is evaluating the possible acquisition of Plexus Corp., a leading manufacturer of memory cards. Erickson's analysts project the following post-merger data for Plexus (in thousands of dollars, with a year end of December 31): 2019A 2020 2021 2022 2023 2024 Net sales $450 $518 $555 $600 $643 Selling and administrative expense 45 53 60 68 73 Interest 40 45 47 52 54 Total net operating capital $800 $850 $930 $1,005 $1,075 $1,150 Tax rate before and after merger: 35% Cost of goods sold as a percent of sales: 65% Plexus's pre-merger beta: 1.93 Risk-free rate: 1% Market risk premium: 6% Terminal growth rate of free cash flows: 7% Current capital structure includes 30% debt with a pre-tax cost of interest of 10%. a) Using the APV method of merger valuation, project Plexus' unlevered free cash flows and terminal value for the period 2020 through 2024. 2020 2021 2022 2023 2024 2019A Net sales Cost of Goods Sold SGA EBIT Taxes on EBIT (35%) NOPAT Total Operating Capital $800 Inv. in Op. Capital FCF bL bu = 1+(1-T)(D/S) b. What is the unlevered cost of equity for Plexus (Use the formula above to un-lever Plexus' beta in order to calculate the un-levered cost of equity)