Noelle owns 19 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 firm borrow the $487,000 needed to repurchase her shares of stock. What is the total market value of the firm? Ignore taxes.

$2,563,158

$2,489,111

$2,608,515

$2,549,079

$2,619,307