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Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 200,000 shares outstanding, and its debt-to-assets ratio was 46%. How

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 200,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?

Select the correct answer.

a. $3,876,668

b. $3,876,297

c. $3,877,039

d. $3,875,926

e. $3,875,555

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