Based on the financial information and assumptions in Exhibit 3, undertake a LBO valuation for Bottomline Technologies, identifying the IRR that will be generated on equity assuming an exit in year 5. Outline the assumptions used in your calculations and explain your workings

The income statement is there?? What else do u need?

  

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Balance Sheet (in millions) ASSETS Current assets: Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment, net Other long-term assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current maturities of debt Accounts payable Accrued expenses and other current liabilities Income taxes payable Total Current Liabilities Long-term liabilities: Long-term debt Lease incentives and other long-term liabilities Total Long-term liabilities Stockholders' equity: Common stock $0.05 par value Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total Liabilities and Equity 2018 $'m 1,783 1,830 702 4,315 2,616 679 7,610 65 1,243 1,113 32 2,453 1,248 1,005 2,253 20 81 2,749 54 2,904 7,610 2017 $'m 1,370 1,873 742 3,985 2,850 638 7,473 421 1,112 979 23 2,535 1,310 1,083 2,393 20 2,440 85 2,545 7,473 Balance Sheet (in millions) ASSETS Current assets: Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment, net Other long-term assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current maturities of debt Accounts payable Accrued expenses and other current liabilities Income taxes payable Total Current Liabilities Long-term liabilities: Long-term debt Lease incentives and other long-term liabilities Total Long-term liabilities Stockholders' equity: Common stock $0.05 par value Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total Liabilities and Equity 2018 $'m 1,783 1,830 702 4,315 2,616 679 7,610 65 1,243 1,113 32 2,453 1,248 1,005 2,253 20 81 2,749 54 2,904 7,610 2017 $'m 1,370 1,873 742 3,985 2,850 638 7,473 421 1,112 979 23 2,535 1,310 1,083 2,393 20 2,440 85 2,545 7,473