Company A has agreed to buy Company B for $$48\mathrm{.}00/$share in stock. Company A and Company B$\text{'}$s stock prices on the day before announcement were $$112\mathrm{.}00$ and $$42\mathrm{.}00$ respectively. Company $B$ has $20$ million shares outstanding, $12$ million exercisable options outstanding with an average exercise price of $$28\mathrm{.}00$ per share, $$120$ million in net debt to be assumed by Company A and minority interests of $$25$ million to be acquired for cash.

Company B Income Statement Items

LTM Revenue $,$$$1000$ million

$LTM$ EBITDA $95$ million

$LTM$ Net Income $60$ million

Calculate the enterprise value of the transaction.

$$1\mathrm{.}345$ billion

$$975$ million

$$1\mathrm{.}075$ billion

$$1\mathrm{.}285$ billion