Pitmann Ltd and Markov Ltd have identical expected operating cash flows of $600 million in perpetuity, but Pitmann is financed entirely by equity, while Markovs capital structure includes 30 percent debt and 70 percent equity finance. Assume a perfect capital market and risk-free debt, the measured equity beta for Pitmann is 0.8, the yield on ten-year Government bonds is 6 percent and the market risk premium is 7 percent. Each firm has 500 million shares on issue. What is the theoretical firm value for Markov Ltd, rounded to the nearest $100 million? A. $5,500 million 8. $5,200 million C. $5,300 million D. $5,400 million