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As of December 3 1 , 2 0 1 9 , Martin Corporation's market capitalization was $ 1 0 0 . 2 million. Its debt

As of December 31,2019, Martin Corporation's market capitalization was $100.2 million. Its debt was $115.3 million ($5.5 million of short-term debt, $13.7 million of current maturities of long-term debt, and remaining long-term debt of $96.1 million) and cash balance was $25 million. What was Martin Corporation's enterprise value as of December 31,2019?
Question 6 options:
A)
$231.3 million
B)
$225.5 million
C)
$200.5 million
D)
$250.5 million

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