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A Firm Has 41 Million Shares Outstanding with a Current

Question 68

Multiple Choice

A firm has 41 million shares outstanding with a current share price of $4.30 The firm has a market-to-book ratio of 8.5 and a book debt-equity ratio of 2.2.If the firm currently has $18 million in cash,what is its enterprise value?


A) $176 million
B) $204 million
C) $148 million
D) $49 million
E) $240 million

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