ABC is a publicly traded company listed on NASDAQ. In ABC'S 10-Q and 10-K public statements, ABC disclosed that it recorded a $100 mil. pre-tax inventory write-off due to fire in the company's warehouse in 2015:02, it realized a $50 mil . pre-tax gain ("other income") on the sale of a non-core business in 2014:03; it additionally realized a $40 mil, pre-tax gain ("other income") on the sale of a non-core business and $20 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2014:04. ABC company produced the following reported year-to-date /YTD) income statements during 2014-2015 period Reported YTD Income Statement 2014:03 2014:04 2015:03 Sales 3,500 4100 3600 COGS 2,200 2925 3000 Other Income 50 90 0 675 700 120 SG&A Restructuring Charge 0 20 0 EBIT 675 545 480 Interest Expense 75 102 73 600 Pre-tax Income 443 407 Income Tax (38%) 228 168.34 154.66 Net Income 372 275 252 ABC has 125 mil. basic outstanding shares, with current stock price of $45 per share. The company has the folowing information about the options/warrants: Options/warrants Number of Shares Tranche (mil.) Exercise Price Tranche 1 10.00 $ 5.00 7.50 Tranche 2 $ 25.00 5,00 $ 30.00 Tranche 3 2.50 Tranche 4 $ 35.00 $ 40.00 Tranche 5 1.00 0.50 Tranche 6 $ 55.00 Q4. Given ABC's MCAP/Net Income(LTM) multiple of 7.5x, what is ABC's implied share price? O A. $110 OB.$16.5 C.$23.3 D.59.3