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The estimated fair value of a Firm ( based on discounting FCFF at WACC ) is $ 1 . 4 7 bn . This firm

The estimated fair value of a Firm (based on discounting FCFF at WACC) is $1.47 bn. This firm has no debt, 1000 mio shares trading at $2 each. Based on this information, how much excess value of the equity is taken into account by the market:
A. $0.47 bn
B. $0
C. $1.47b
D. $0.53bn

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