Lemmon has EAT, depreciation expense, capital expenses and debt principal payments of $4m, $.2m, $.3m, and $.5m respectively. Between the first and the second years, it has current assets of $11m and $11.4m and current debts of $5m and $5.1m respectively. Its unlevered bheta, D/E and t are 2, 60/40 and .25 respectively. Lemmons ROE is 20%, and it plows about 30% of its profits back into its business. Moreover, the t bond rate is .04 and the market premium is .09. Derive the value of Lemmon.