From the Case titled: " The Valuation and Financing of Lady M Confections" by Mihir Desai and Elizabeth Meyer 1. How many cakes would Lady M need to sell in a year in order to break-even? Does this number seem feasible? 2. What is your recommendation? Should Romaniszyn open the new location in the World Trade Center? 3. What is Lady Ms enterprise value? Does it matter if one uses an EBITDA multiple or aperpetuity growth formula for a terminal value? How much of an equity stake should they be giving up to the Chinese investors? 4. What do you think of Romaniszyns and Tom's baseline assumptions? Are they realistic? 5. Do you think they should take the Chinese investors' offer? Why/why not?