Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization amounted to $84 million. The firm has 135 million share outstanding and a share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40.

What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars.

a) $1,344 million

b) $453.6 million

c) $1,315 million

d) $1,787 million