Bosh Heat Corporation has 100,000 shares outstanding that currently trade at $4.50 per share. The company has just posted their income statement for the last 12 months. The firm posted net income of $600,000 and plans on paying out 40% of earning as dividends. The firm currently has $100,000 in outstanding debt (interest bearing) and $50,000 in cash. Which statement is correct regarding Bosh Heat Corporation?

a. The firm has an enterprise value of $450,000, and also has earnings per share of $6.00. b. The firm has an enterprise value of $500,000, and added $240,000 to retained earnings in the last 12 months. c. The firm has earnings per share of $6.00, and added $360,000 to retained earnings in the last 12 months. d. The firm has a P/E ratio of 0.75 and an enterprise value of $450,000. e. None of the stated answers are correct.