The table below shows the projected cash flow statements for ABC Corporation, which is being considered as a target for Willowtech, a large conglomerate. The projected data are for the postmerger period, and all synergistic effects have been included. ABC currently uses $50$ percent debt, and if it were acquired, Willowtech would keep the debt ratio at $50\%.$ Both Willowtech and ABC have a $20\%$ marginal federal$-$plus$-$state tax rate. Some of the cash flows generated by ABC subsidiary after the merger were retained to finance asset replacements and growth, while some will be transferred to Willowtech to pay dividends on its stock, or for redeployment within the corporation. ABC's available cash flow are expected to grow at a constant $5\%$ rate after $2027$

Projected Postmerger Cash Flow Statements for ABC Subsidiary as of December$31($millions of dollars$)$

$\backslash$table$[[$Details$,2023,2024,2025,2026,2027],[$Retentions$,$$$4\mathrm{.}0,$$$4\mathrm{.}0,$$$7\mathrm{.}0,$$$9\mathrm{.}0,$$$12\mathrm{.}0$