You are analyzing the firm's financial performance based on the following data. Balance sheet items: Marketable securities=300 Non-operating long-term assets =400 Cash=100 Accounts receivable=2000 Inventory=1000 Operating long-term assets (net of depreciation) = 13800 Accounts payable=2280 Accrued taxes=200 Short-term debt=120 Long-term debt: 5000 (1,000 par value, 5 bonds) Equity=10000 (10 book value per share, 1000 shares) Market values: Market value of the marketable securities =430 Market value of non-operating long-term assets =500 Market value of short-term debt: 120 Long-term bonds: market value per bond: 1000 Common stock: market price per share: 12.00 What is the firm's market value of operations? Select one: a. 1600 b. 1630 c. 1699 d. 1770