PlayIt operates toy stores and has a stock value of $11.00. The following items are derived from the financial statements:

Current assets = 950, current liabilities = 740, long term debt = 30500

100,000 shares outstanding, 200,000 treasury shares

Inventory = 400, A/R = 400 (no other current assets except cash)

Calculate the enterprise value of the firm.

a. 1,100,000

b. 1,100,740

c. 1,131,090

d. 1,131,240

e. none of these answers are correct