Homework Answers
anser: B) $4.3 billion
Market capial = 25.09 * 116 = 2.910 billion
Book value = 2.910/4.2 = 0.693
Debt = 0.693 * 3.2 = 2.2176 = 2.218
Given that the cash = 0.800 billion
So the enterprise value will be
market value + debt - cash
= 2.910 + 2.218 - 0.800
= 4.328
= 4.3 billion
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