A company has total current assets of $300,000 and total long term assets of 500,000. Total current liabilities equal $150,000 and total long-term liabilities are $100,000. The company has 100,000 shares of $1 par common stock outstanding. The common stock has a market value of $25 per share. What is the company's market capitalization?

Select one:

a. $50,000

b. $550,000

c. $100,000

d. $2,500,000