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A company has a share price of $23.76 and 116 million shares outstanding. Its markettobook ratio is 4.2, its book debtequity ratio is 3.2, and
A company has a share price of $23.76 and 116 million shares outstanding. Its markettobook ratio is 4.2, its book debtequity 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. $2 billion
B. $4.81 billion
C. $3.2 billion
D. $4 billion
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