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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.

The value of firm has to be equal to the value of claimants to the firm. what is the enterprise market value of the firm? Hint: you want to use the market value of equity.

A. $12,125.31

B. $13,525.11

C. $14,682.92

D. $15,114.56

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