O $1,103.20 QUESTION 13 2006 2005 Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in millions) Liabilities and Assets 2006 2005 Stockholders' Equity Current Assets Current abilities Cash 56.1 58.5 Accounts payable Notes payable / short-term Accounts receivable 54.5 39.6 debt Current maturities of long. Inwentories 44.8 42.9 term debt Other current assets 5.0 3.0 other current liabilities Total current assets 160.4 144.0 Total current abilities 88.1 73.5 10.9 9.6 40.7 6.0 145.7 36.9 12.0 132.0 Cong Term Liabilities 621 Long term debt 91.5 Capital lease obrations 99.6 227 66.8 108.5 117.1 168.9 Long Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long term assets Total long term assets (54.4) (52.5) Deferred taxes 22.8 22.2 238 60.0 63.0 361 200.7 other long term liabilities Total long-term labities 42.0 Total liabilities 242.7 Stockholders' Equity 249.8 395.5 125.9 191.1 323.1 63.6 Total liabilities and Total Assets 521.43867 Stockholders' Equity 521.4 386.7 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 what is Luther's enterprise value? $521.4 million O $540.0 million O $385.7 million O $7714 million