A company has a share price of

$22.42

and

$110

million shares outstanding. Its market-to-book ratio is 4.2, its book debt-equity ratio is 3.2, and it has cash of

$850

million. How much would it cost to take over this business assuming you pay its enterprise value?

A.

$3.50

billion

B.

$1.70

billion

C.

$2.80

billion

D.

$4.19

billion