Castle Corp. generated $2 million in operating income from salesof $20 million d

Castle Corp. generated $2 million in operating income from salesof $20 million during the latest fiscal year. The firms interestexpense was $500000 and the corporate income tax rate was 40%.Investors require a rate of return of 18%. Using the dependencehypothesis approach to valuation what is the market value ofCastle? A. $9.6 million B. $8.3 million C. $5.1 million D. $7.2million E. $6.5 million