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Tech Investment Bank (TIB) is assisting WIPP Manufacturing to use information to produce the firms enterprise value. WIPP is reviewing an offer from another manufacturer.

Tech Investment Bank (TIB) is assisting WIPP Manufacturing to use information to produce the firms enterprise value. WIPP is reviewing an offer from another manufacturer. Given the number of players in the sector, TIB used comparable companies analysis for the valuation. WIPP has Total debt of $350; Preferred stock is $56; Cash and cash equivalents is $200; Non-controlling interest is $20; Current share price is $50; Fully diluted shares outstanding is $50. All values except for current share price are in millions of dollars. Based on the information, compute WIPPs enterprise value.

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