Luther Corporation

Consolidated Balance Sheet

December 31, 2006 and 2005 (in $ millions)

Assets	2006	2005	Liabilities and Stockholders' Equity	2006	2005
Current Assets			Current Liabilities
Cash	53.1	58.5	Accounts payable	85.2	73.5
Accounts receivable	56.4	39.6	Notes payable / short-term debt	10.1	9.6
Inventories	45.8	42.9	Current maturities of long-term debt	37.8	36.9
Other current assets	6.1	3.0	Other current liabilities	6.0	12.0
Total current assets	161.4	144.0	Total current liabilities	139.1	132.0
Long-Term Assets			Long-Term Liabilities
Land	65.6	62.1	Long-term debt	233.7	168.9
Buildings	110	91.5	Capital lease obligations
Equipment	119.2	99.6
Less accumulated depreciation	(57.3)	(52.5)	Deferred taxes	22.8	22.2
Net property, plant, and equipment	237.5	200.7	Other long-term liabilities
Goodwill	60.0		Total long-term liabilities	256.5	191.1
Other long-term assets	63.0	42.0	Total liabilities	395.6	323.1
Total long-term assets	360.5	242.7	Stockholders' Equity	126.3	63.6
Total Assets	521.9	386.7	Total liabilities and Stockholders' Equity	521.9	386.7

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 Luther's market-to-book ratio would be closest to:

A.