It is the year 2010 and Bristol Myers Squibb (BMY) is considering acquiring Eli Lilly (LLY). You are one of the analysts advising BMY on the proposed merger. Your team has collected the following data on recent mergers in the pharmaceuticals industry, Mercks (MRK) acquisition of Schering-Plough (SGP) and Pfizers (PFE) acquisition of Wyeth (WYE).

in millions	MRK buys SGP	PFE buys WYE
Deal Value	41,100	78,567
Revenues of target	18,502	22,834
Book equity of target	15,872	19,174
Earnings (NI) of target	1,903	4,418

Please also note the following data for LLY: The revenue for LLY at the time was $12,865.6 mm. The net income for LLY at the time was $2,124.3 mm. The book value of equity for LLY at the time was $13,410.2 mm. What is the estimated deal value for BMY-LLY merger using the earnings multiple (in millions)?

Group of answer choices:

A ) $41,828.38

B) $44,790.07

C) $36,390.35

D) $38,812.75