Problem #$1$:

Preston Woods has $17,500$ shares of stock outstanding along with $$408,000$ of interest bearing debt. The market and book values of the debt are the same. The firm has sales of $$697,000$ and a profit margin of $6\mathrm{.}8$ percent. The tax rate is $35$ percent, the debt$-$equity ratio is $40$ percent, and the price$-$earnings ratio is $11\mathrm{.}8.$ The firm has $$130,000$ of current assets of which $$41,200$ is cash. What is the enterprise value?