Nelson Farms Has 12,500 Shares of Stock Outstanding with a Market

Multiple Choice

Nelson Farms has 12,500 shares of stock outstanding with a market value of $11.20 a share and $68,000 of debt bearing an interest rate of 6.7 percent.Current assets consist of $2,800 in cash,$16,400 in accounts receivable,and $31,200 in inventory.Accounts payable are $27,300.What is the firm's enterprise value?

A) $300,889
B) $205,200
C) $157,600
D) $184,900
E) $242,700