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Above are the financial statements for Fantastic industries as of December 31. Assume that all cash is excess cash. Using these data calculate the following

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Above are the financial statements for Fantastic industries as of December 31. Assume that all cash is excess cash. Using these data calculate the following in ($-millions). Round your answer to two decimals (do not include the $-symbol in your answer).


The book value of debt: $ million

The market value of debt: $ million

The market value of equity: $ million

The enterprise value: $ million


\begin{tabular}{l} Income \\ \hline Revenues \\ Cost of Goods Sold \\ Gross Profit \end{tabular} $250.00 ($145.00) $105.00 Selling, General, and Administrative Expenses Research and Development Depreciation \& Amortization Operating Income ($25.00) ($7.00) Operating Income \begin{tabular}{l|r|r|r|} \hline Other income & $3.00 \\ EBIT & $64.00 \\ Interest Expense & \\ Pretax Income & $5.50) \\ & $58.50 \\ Income Tax & $14.63) \\ \hline Net Income & $43.88 \\ \hline \end{tabular} Basic Share Price Data \begin{tabular}{l|l} \hline No. shares outstanding (in millions) & 12.30 \\ Last share price (in \$\$) & 55.10 \\ \hline \end{tabular} \begin{tabular}{l} Income \\ \hline Revenues \\ Cost of Goods Sold \\ Gross Profit \end{tabular} $250.00 ($145.00) $105.00 Selling, General, and Administrative Expenses Research and Development Depreciation \& Amortization Operating Income ($25.00) ($7.00) Operating Income \begin{tabular}{l|r|r|r|} \hline Other income & $3.00 \\ EBIT & $64.00 \\ Interest Expense & \\ Pretax Income & $5.50) \\ & $58.50 \\ Income Tax & $14.63) \\ \hline Net Income & $43.88 \\ \hline \end{tabular} Basic Share Price Data \begin{tabular}{l|l} \hline No. shares outstanding (in millions) & 12.30 \\ Last share price (in \$\$) & 55.10 \\ \hline \end{tabular}

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