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Assets 2006 2005 Liabilities and Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 60.8 58.5 Accounts payable 85.6 73.5 Accounts receivable 55.1 39.6 Notes

Assets

2006

2005

Liabilities and

Stockholders' Equity

2006

2005

Current Assets

Current Liabilities

Cash

60.8

58.5

Accounts payable

85.6

73.5

Accounts receivable

55.1

39.6

Notes payable /

short-term debt

9.8

9.6

Inventories

45.4

42.9

Current maturities of

long-term debt

39.6

36.9

Other current assets

5.9

3.0

Other current liabilities

6.0

12.0

Total current assets

167.2

144.0

Total current liabilities

141

132.0

Long-Term Assets

Long-Term Liabilities

Land

65.3

62.1

Long-term debt

238.9

168.9

Buildings

109.8

91.5

Capital lease obligations

Equipment

120.3

99.6

Less accumulated

depreciation

(57.4)

(52.5)

Deferred taxes

22.8

22.2

Net property, plant, and

equipment

238

200.7

Other long-term liabilities

Goodwill

60.0

Total long-term liabilities

261.7

191.1

Other long-term assets

63.0

42.0

Total liabilities

402.7

323.1

Total long-term assets

361

242.7

Stockholders' Equity

125.5

63.6

Total Assets

528.2

386.7

Total liabilities and

Stockholders' Equity

528.2

386.7

Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value?

A.

$547.00

million

B.

$781.40

million

C.

$390.70

million

D.

$528.20

million

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