Derive the kinetic equations for Vmax and KM using the transit time and net rate constant method as discussed in class and following the attached handout. (Hint: solve for ET/v by summing the inverse net rate constants, then invert to obtain v/ET and put it in the form of kcatS/[KM S]). Remember that if a step is irreversible, the net rate constant for that step is just the rate constant for that step.