Diebold Incorporated manufactures, markets, and services automated teller machines in the United States. The following are selected numbers from the financial statements for 1992 and 1993 (in millions):

The firm had capital expenditures of 15 million in 1992 and 18 million in 1993, the working capital in 1991 was 180 million. if cost of equity is 12% and cost of debt is 9%, weight of debt is 40% and weight of equity is 60%, what is the value of the firm knowing that cash of 1993 is 5 million?

	1992	1993
Revenues	$544.0	$620.0
(Less) Operating Expenses	($465.1)	($528.5)
(Less) Depreciation	($12.5)	($14.0)
= Earnings before Interest and Taxes	$66.4	$77.5
(Less) Interest Expenses	($0.0)	($0.0)
(Less) Taxes	($25.3)	($29.5)
= Net Income	$41.1	$48.0
Working Capital	$175.0	$240.0