How much would cost to take over the business for company

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Problem 1: A company has a share price of $24.50 and 118 million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of $500 million. How much would it cost to take over this business assuming you pay its enterprise value?

A) $4.1 Billion
B) $1.5 Billion
C) $2.9 Billion
D) $4.6 Billion
E) $2.8 Billion

Reference no: EM132965275

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