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Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an

Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated shareholders' equity? The % of fair value of shareholders' equity method is being used for NCI.

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A) 3,573.2

B) 3,312.0

C) 5,229.2

D) 3,643.2

Essen Inc. Heidleberg Ltd Cash 115.2 86.4 Operating current assets 2,016.0 2,304.0 PP&E 5,472.0 3,096.0 Intangibles 2,160.0 888.4 Goodwill 1,440.0 350.0 Total assets 11,203.2 6,724.8 Short term debt 360.0 172.8 Operating current liabilities 3,744.0 1,440.0 Long term debt 4,593.6 2,880.0 Operating long term liabilities 633.6 576.0 Total liabilities 9,331.2 5,068.8 Shareholders' equity 1,872.0 1,656.0 Total liabilities and equity 11,203.2 6,724.8

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