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Liabilities and Assets 2006 2005 Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 62.2 58.5 Accounts payable 86.8 73.5 Notes payable/ Accounts receivable

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Liabilities and Assets 2006 2005 Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 62.2 58.5 Accounts payable 86.8 73.5 Notes payable/ Accounts receivable 56.2 39.6 short-term debt 9.4 9.6 Current maturities of Inventories 46.8 42.9 long-term debt 38.1 36.9 Other current assets 5.7 3.0 Other current liabilities 6.0 12.0 Total current assets 170.9 144.0 Total current liabilities 140.3 132.0 Long-Term Assets Long-Term Liabilities Land 64.7 62.1 Long-term debt 241.4 168.9 Buildings 108.7 91.5 Capital lease obligations Equipment depreciation 117.9 99.6 Less accumulated (54.8) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment Goodwill 236.5 200.7 Other long-term liabilities 60.0 -- Total long-term liabilities 264.2 191.1 Other long-term assets 63.0 42.0 Total liabilities 404.5 323.1 Total long-term assets 359.5 242.7 Stockholders' Equity 125.9 63.6 Total liabilities and Total Assets 530.4 386.7 Stockholders' Equity 530.4 386.7 Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's enterprise value? A. $545.9 million B. $779.8 million OC. $389.9 million D. $530.4 million

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