Multiples analysis: It is 15 August 2017, and your company is considering the possibility of purchasing the OfficeExpress business from Supplies Ltd. Since Office Express does not have publicly traded shares of its own, you have decided to use TopOffice as a comparable company to help you determine the market value of OfficeExpress.

This morning, TopOffice ordinary shares were trading at $8.15 per share, and the company had 1.89 billion shares outstanding. You estimated that the market value of all the company's other outstanding securities is $100 billion. Its revenues from sales were $143.3 billion last year. OfficeExpress revenue in 2016 was $62.2 billion. Based on the enterprise value/ revenue ratio, what is the total value of OfficeExpress that is implied by the TopOffice market values?