TransWorld Communications Inc., a large telecommunications company, is evaluating the possible acquisition of Georgia Cable Company (GCC), a regional cable company. TransWorld's analysts project the following post-merger data for GCC (in thousand of dollars 2017 2015 2016 2018 $547 $577 $519 Net Sales $459 59 75 Selling and 49 administrative expense 21 27 Interest 18 Tax rate after 35% merger Cost of goods 70% sold as a percent of sales Beta after 1.45 merger 8% Risk-free rate Market risk 3% premium Continuing 7% growth rate of cash flow available to