The directors of Hound Co are aware that it is the target of a possible takeover bid. The directors wish to protect their shareholders interests and have carried out a financial investigation, which identified that Hound Co's competitor would pay $162m if they wanted to acquire non-current assets, equivalent to those of Hound Co. However, the net realisable value of Hound Co's non-current assets is only $116m and their value in use is $130m. Due to bad debts, the trade receivables are currently overstated by $5m. The following is an extract from Hound Co's most recent statement of financial position: What is Hound Co's equity market capitalisation? $318,750,000 $90,000,000 $258,750,000 $348,750,000 The following recent data is also available