Pentalpha Fruit Company has 6 million shares outstanding which have a price of $17. They also have $25million in debt and $14 million in cash and short-term securities. Last year they had Net Income of $44 million and paid out

-What is the current Market Capitalization of Pentalpha Fruit?

-What is the Market-to-Book Ratio?

-Estimate the Enterprise Value?

-If the board wants to maintain a Payout Ratio of 0.4, what dividend should they declare per share?