Lemmon has EAT, depreciation expense, capital expenses, debt and debt principal payments of $9m, $2.8m, $40m and $1.5m respectively. Between the first and the second years, it has current assets of $11m and $13.4m and current debts of $5m and $6.1m respectively. its unlevered beta, D/E and t are 3, 40/60 and .4 respectively. The t bond rate is at 2% and the risk premium is 8%and its sales are $90m. Derive the value of lemon
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