If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding brokerage fees?

Select: 1

$199 million

$101 million

$1 million

$98 million

Cash Flow Statement Survey	Andrews	Baldwin	Chester	Digby
Cash flows from operating activities
Net Income (Loss)	$3,216	$28,792	$1,380	$1,277
Adjustment for non-cash items:
Depreciation	$7,764	$11,033	$18,360	$18,540
Extraordinary gains/losses/writeoffs	$0	$0	$0	$0
Changes in current assets and liabilities:
Accounts payable	$956	$1,364	$810	$2,355
Inventory	$2,330	($5,852)	($11,764)	($11,256)
Accounts receivable	($411)	($3,019)	$178	($2,677)
Net cash from operations	$13,855	$32,318	$8,964	$8,238
Cash flows from investing activities
Plant improvements (net)	($25,400)	($42,800)	($38,466)	($58,415)
Cash flows from financing activities
Dividends paid	$0	$0	$0	$0
Sales of common stock	$5,000	$0	$15,944	$21,429
Purchase of common stock	$0	($903)	$0	$0
Cash from long term debt issued	$0	$12,727	$16,353	$24,910
Early retirement of long term debt	$0	$0	$0	$0
Retirement of current debt	($10,300)	($28,397)	($43,452)	($33,940)
Cash from current debt borrowing	$0	$22,040	$32,772	$30,565
Cash from emergency loan	$0	$0	$0	$0
Net cash from financing activities	($5,300)	$5,467	$21,616	$42,965
Net change in cash position	($16,845)	($5,015)	($7,886)	($7,213)

Balance Sheet Survey	Andrews	Baldwin	Chester	Digby
Cash	$32,686	$31,167	$43,241	$30,919
Accounts Receivable	$9,677	$18,268	$13,640	$15,745
Inventory	$18,033	$22,485	$14,196	$19,157
Total Current Assets	$60,397	$71,920	$71,076	$65,822
Plant and equipment	$116,460	$165,500	$275,400	$278,101
Accumulated Depreciation	($60,911)	($57,867)	($94,193)	($86,126)
Total Fixed Assets	$55,549	$107,633	$181,207	$191,975
Total Assets	$115,946	$179,553	$252,283	$257,796
Accounts Payable	$6,609	$11,616	$9,529	$10,857
Current Debt	$0	$22,040	$32,772	$30,565
Long Term Debt	$15,909	$42,229	$111,971	$109,677
Total Liabilities	$22,518	$75,886	$154,271	$151,100
Common Stock	$16,192	$11,271	$57,667	$55,407
Retained Earnings	$77,236	$92,397	$40,345	$51,290
Total Equity	$93,428	$103,668	$98,012	$106,697
Total Liabilities & Owners' Equity	$115,946	$179,553	$252,283	$257,796

Income Statement Survey	Andrews	Baldwin	Chester	Digby
Sales	$117,742	$222,263	$165,948	$191,570
Variable Costs (Labor, Material, Carry)	$84,909	$138,172	$105,871	$123,142
Depreciation	$7,764	$11,033	$18,360	$18,540
SGA (R&D, Promo, Sales, Admin)	$14,198	$13,423	$13,530	$21,460
Other (Fees, Writeoffs, TQM, Bonuses)	$4,000	$6,900	$7,115	$8,317
EBIT	$6,871	$52,734	$21,072	$20,111
Interest (Short term, Long term)	$1,822	$7,535	$18,906	$18,107
Taxes	$1,767	$15,820	$758	$702
Profit Sharing	$66	$588	$28	$26
Net Profit	$3,216	$28,792	$1,380	$1,277