Exhibit 8b Information about Comparable Companies

Company Sales

Ben & Jerry's 97.0

Dreyer's Grand Ice Cream 354.9
Empire of Carolina, Inc. 243.1
Steve's Homemade Ice Cream 35.1
Hershey Foods Corp. 2,899.2
Tootsie Roll Inds. 207.9

a
Cash flow is defined as earnings before interest after tax (EBIAT) plus depreciation.
b
Before extraordinary items.

First we need to calculate Beta unlevered of our company

Beta Equity
Ben & Jerrys 1.2
Dreyers 1.4
Empire of Carolina 0.3
Steves Ice Cream 2.5
Hershey Foods 1.0
Tootsie Roll 1.0

Beta unlevered(Eskimo Pie) 1.17

Beta levered After IPO(No Debt) 1.17

WACC
 Operating Book Value of Market Value of
Cash Flowab Incomeb Net Incomeb Equity Equity

6.7 10.2 3.7 26.3 110.1

24.1 37.0 15.9 113.1 534.0
16.8 37.4 8.8 45.1 51.4
2.7 3.9 1.8 11.1 37.4
292.3 463.0 219.5 1,335.3 4,002.5
32.5 47.2 25.5 152.8 728.8

Beta levered = Beta unlevered *(1+(1-t)*(D/E))

Beta unlevered with Hamada Equation t

1.18 1.18 40%
1.33
0.15
2.38
0.96
1.00
Total Debt Beta

2.8 1.2
44.3 1.4
89.8 0.3
3.1 2.5
282.9 1.0
0.0 1.0