London agrees that Willard has raised a good question but tends to side with Carter. “We can’t look at what Beaumont is,” she says, “we have to look at what it can be.” She also points out that the acquisition contains an “attractive financing package.” McGeary wants $2 million for Beaumont but only $1 million up front. McGeary would finance the remainder with a 7-percent, 5-year loan, though the current market rate of interest on this type of debt is percent. The terms of the loan allow Narragansett to pay only the interest each year and the entire principal can be deferred for five year; that is, a balloon payment of $1 million would be due in five years.