Noelle owns 12 percent of The, toy Factory. she has decided to retire and wants to sell all of her shares in this closely held, all-equity firm. the other shareholders have agreed to have the company borrow the $248,000 needed to repurchase her shares of stock. what is the total market value of the company? ignore taxes.

1. $2,489,111

2. $2,414,141

3. 2,608,515

4. 2,066,667

5. 2,333,333