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A firm reported the following in its annual report ending December 31, 2017 (in millions): Short-term debt $1,154.20 Long-term debt $5,642.23 Stockholder's equity $7,511.33 Both
A firm reported the following in its annual report ending December 31, 2017 (in millions):
Short-term debt
$1,154.20
Long-term debt
$5,642.23
Stockholder's equity
$7,511.33
Both short-term and long-term debts are carried on the balance sheet at approximately their market value. In addition, the firm has 243.11 million shares traded at $32.44 per share.
Required:
what is the enterprise market value of the firm?
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